Iranian Retirees to Receive Significant Pension Increase, Online System Launched for Transparency
In a significant move supporting its retiree population, Iran has officially enacted a substantial pension increase for beneficiaries covered by the Social Security Organization. The directive, which aligns with the nation’s developmental plans, underscores the government’s commitment to safeguarding the livelihoods of its citizens.
Substantial Financial Commitment Announced
The Director General of Pensions at the Social Security Organization, Banafsheh Mahmoudian, announced that over 320 billion tomans (approximately 3200 billion rials) will be allocated for the “proportional adjustment” (Tanasob-Sazi) of pensions in the current Iranian year (1404). This adjustment is a continuation of a multi-year process initiated in Aban 1403 (late 2023), which has already benefited over 4.7 million retirees and pensioners.
The policy is being implemented in accordance with Article 28 of the Seventh Development Plan law and its executive bylaws, mandating pension funds to adjust benefits within their approved budgets. The process is designed to compensate for 90% of the gap between pension coefficients and the minimum wage by the end of the third year of the plan.
A Clear and Structured Calculation Method
Officials have outlined a clear, three-step methodology for calculating the new pension amounts for 1404:
- Annual Increase: The 1403 pension is first adjusted by the annual increase approved by the Supreme Labor Council.
- Previous Year’s Adjustment: The proportional adjustment amount from 1403 is then increased by this year’s raise percentage.
- 1404 Adjustment: Finally, the difference for the 1404 adjustment is calculated, aiming for a cumulative 70% compensation over the past two years.
For minimum-wage pensioners, the 1403 pension is multiplied by 1.45 (a 45% increase). For other pension brackets, the 1403 pension is multiplied by 1.32 (a 32% increase) and a fixed sum of 931,650 rials is added.
Enhanced Transparency and Ease of Access
A key feature of this rollout is the emphasis on transparency and digital access. Retirees can now easily view the detailed breakdown of their new pension decree online, eliminating the need for in-person visits and providing immediate clarity.
To access their new pension decree, retirees can:
- Visit the Social Security Services portal at
eservices.tamin.ir. - Log in using their National ID and Social Security number.
- Click on the “View Pension Decree” option to see, download, and review all details of their updated benefits, including base pay increases, ancillary benefits, and the calculation of any back payments owed.
This significant financial enhancement, coupled with a streamlined digital verification process, provides retirees with greater certainty and allows for more secure financial planning, reflecting continued social welfare development.
