Iranian Oil Industry Retirees to Receive Harmonization Payments This Month
Tehran – In a significant development for the nation’s workforce, new financial provisions for retirees have been successfully processed and are set for disbursement.
Harmonization Calculations Implemented
According to reports, the calculations pertaining to the harmonization law have been officially applied to the pension base for retirees of the oil industry. The National Oil Company Retirement Fund has announced that the computations, based on executive bylaws issued by the government, have been completed.
The changes to the pension base have been processed and will be paid out along with retirees’ regular monthly pension for the current Iranian month of Shahrivar.
Payment Structure Detailed
The announcement clarifies that the amount added to the pension, in accordance with the relevant law, constitutes 70 percent of the total calculated sum. The remaining 30 percent balance is scheduled to be paid from the beginning of the next Iranian calendar year (1405). This structured approach ensures a systematic and planned distribution of funds to eligible retirees.
This move highlights ongoing efforts to manage and disburse pensioner benefits in accordance with established regulations and government directives.
