Title: Landmark 90% Pension Adjustment: Major Financial Boost for Iranian Retirees Underway
Tehran – In a significant social welfare development, Iran’s Social Security Organization has initiated a major, multi-year pension adjustment program, providing a substantial financial uplift for the nation’s retirees.
Implementation and Scale
As reported, the rollout of this landmark adjustment began in the second month of the current Iranian calendar year (Aban 1403). To date, the program has already benefitted over 4.7 million pensioners across the country, marking one of the most comprehensive enhancements to the pension system in recent years.
A Phased Three-Year Plan
The increase is structured as a phased, three-year initiative designed to methodically address pension values. According to the governing legislation, the plan aims to compensate for 90% of the gap between current pension coefficients and the minimum wage by the conclusion of the third year.
The incremental increases are set as follows:
- Year One: A 40% adjustment.
- Year Two: A further 30% adjustment.
- Year Three: The remaining adjustment to achieve the full 90% goal.
Substantial Investment and Individualized Calculations
The implementation of this year’s phase represents a major financial commitment, with an estimated monthly cost of 5,500 billion tomans for the Social Security Organization. It is important to note that the adjustment is not a flat, fixed sum for all recipients. Instead, the increase for each pensioner is calculated individually based on their specific pension amount and is determined through established insurance computation principles, ensuring the adjustment is both equitable and tailored.
This strategic move underscores a continued focus on strengthening the nation’s social safety net and supporting the well-being of citizens who have contributed years of service.
