Title: Landmark Financial Package Paves Way for Enhanced Social Security Pensions
Introduction
In a significant move to bolster the national social welfare system, the Iranian government, in coordination with the heads of the three branches of government, has approved a major financial resolution. This initiative is designed to strengthen the Social Security Organization, ensuring the timely fulfillment of its obligations, including the disbursement of pension adjustments and annual salary increases for retirees.
A Major Step for Financial Stability
During a recent session of the Supreme Council for Economic Coordination of the Heads of the Three Branches of Power, a comprehensive plan was ratified to address the financial requirements of the Social Security Organization. The approved package, valued at 185 thousand billion tomans, will be allocated through 70 thousand billion tomans in Islamic financial bonds and 115 thousand billion tomans in shares and assets. This strategic decision underscores the government’s commitment to the long-term stability of the country’s primary social safety net.
Pension Adjustments Commence This Week
Following this high-level endorsement, the Social Security Organization has announced the practical implementation of its payment schedule. The process for paying the remaining backlog of pension adjustments and annual salary increases, effective from the start of the current Iranian year (Farvardin 1404), will begin this week.
Starting Monday, October 12th, payments will be processed gradually and continuously for the remaining eligible retirees and pensioners. The disbursement will be organized alphabetically and through respective agent banks. This follows the successful completion of the first phase of payments in early September for all retirees with a total income of up to 20 million tomans, as well as all disabled pensioners.
Commitment to Reform and Transparency
Simultaneously, the Social Security Organization is actively pursuing structural reforms to enhance its efficiency and protect its resources. In a recent meeting with the Iranian Parliament’s Social Commission, the Managing Director of the Social Security Organization presented seven key reform proposals. These initiatives focus on areas such as expanding insurance coverage for workers and artisans, refining regulations for hazardous occupations, and optimizing financial interactions to better serve beneficiaries.
The organization’s Public Relations Department has reiterated that the only official sources for news and announcements are its website (Tamin.ir) and its official social media channels (@Tamin_Media). Beneficiaries can also direct their inquiries 24/7 to the response line at 1420 from anywhere in the country.
This coordinated action between the government and the Social Security Organization highlights a continued focus on safeguarding the welfare of retirees and ensuring the robust health of Iran’s social security infrastructure.