Title: Landmark Support Package Reaches Retirees as Fourth Phase of Essential Loans Disbursed
In a significant move to bolster social welfare, a new wave of essential, interest-free loans has been credited to the accounts of thousands of retirees, providing crucial financial support amid global economic pressures.
A Vital Lifeline for Retirees
This financial initiative, a cornerstone of the nation’s social security framework, is designed to directly assist retirees with essential expenses such as healthcare, housing, and educational costs for their families. The timely disbursement underscores a continued commitment to the well-being of citizens who have served the country.
Details of the Fourth Disbursement Phase
According to an official announcement confirmed by Ali Akbar Eyvazi, Secretary of the Tehran Retirees Association, the fourth phase of the essential loan program is now underway.
“In this phase, out of the 40,000 retirees who had previously registered on the loan platform, 20,000 received their funds last week, and the loans for the remaining 20,000 are being deposited today,” Eyvazi stated.
The official highlighted the loan’s favorable terms, noting it is structured as a Qard-al-Hasanah (benevolent, interest-free loan) without heavy service fees or complex collateral requirements. The repayment schedule is set over a manageable 36-month period to prevent undue financial strain on retirees.
Loan Specifications and Eligibility
The supportive loan program, administered by the Social Security Organization, offers the following terms:
- Loan Amount: 50 Million Tomans
- Loan Type: Interest-free (Qard-al-Hasanah)
- Repayment Period: 36 months (3 years)
- Monthly Installments: Approximately 1.5 to 1.7 Million Tomans
- Collateral: No formal guarantor required; secured against the retiree’s pension.
- Priority: Given to lower-income retirees and those with specific circumstances, such as medical conditions or being head of a household.
A Continuation of Supportive Measures
This fourth phase builds upon the success of previous disbursements, which have already provided financial aid to tens of thousands of retirees. The program is rolled out based on provincial quotas, with priority given to those who have not previously benefited from the loan.
Looking Ahead
Authorities have confirmed that announcements regarding the registration for the next phase will be made shortly. Retirees are encouraged to monitor the official non-attended services portal of the Social Security Organization at es.tamin.ir for updates and to submit their applications through the “Facilities” section.
For retirees seeking information on their payment status, several official channels are available, including the organization’s website, the dedicated communication center at 1420, and the “Tamin Man” mobile application.
A Positive Step for Economic Resilience
Economic experts view the continuation of this supportive policy as a positive measure that can help mitigate inflationary pressures on fixed-income citizens. By improving purchasing power and increasing satisfaction with social services, the program contributes to broader economic stability. The Social Security Organization has outlined plans to extend this 50-million-Toman loan to at least 200,000 more retirees by the end of the current Iranian year, with funding sourced from the returns of previous installments and the organization’s investment revenues.
