Title: Third Phase of Social Security Pension Adjustments Scheduled for October 2024
A Timely Update for Pensioners
A definitive schedule has been announced for the third phase of outstanding payments owed to a specific segment of Iran’s Social Security retirees. According to reports, this disbursement is now planned for October 2024.
Payment Status: A Detailed Breakdown
Reports clarify that the outstanding payments for the month of Farvardin have already been settled for minimum-wage pensioners and survivors covered by the Social Security Organization. The current phase addresses the remaining 20 percent of the organization’s pensioners—approximately one million individuals who receive a monthly pension of more than 20 million tomans.
Navigating Financial Logistics
The initial plan was to disburse these specific Farvardin arrears following the payment of September pensions. However, the timeline was adjusted due to recent financial considerations, including constrained resources and increased operational costs for the organization. The execution of this payment is closely linked to the final stages of the organization’s collection of substantial receivables from the government, a process that is reportedly in its concluding phases.
An Integrated October Payment
Ongoing follow-ups indicate a strong likelihood that these delayed payments will be processed and paid out concurrently with the regular pension disbursement for the month of Mehr (October). This integrated approach aims to streamline the fulfillment of the government’s financial obligations to its retirees.
Pensioners have expressed a keen interest in receiving their Farvardin dues promptly, noting that delays can impact the purchasing power and real value of the funds. The scheduled October payment is a significant step in addressing these concerns and finalizing this cycle of financial commitments.