Title: Third Installment of Retired Teachers’ Back Payments Set for August Disbursement
Government Pension Fund Confirms Timely Payments Amid Ongoing Commitments
Tehran – The Iranian National Pension Fund has announced that the third installment of back payments for retired teachers from 2021 will be disbursed in August, alongside regular pension payments. The move follows a recent meeting between pension fund officials and the Budget and Planning Organization, ensuring the allocation of necessary financial resources.
Commitment to Retirees’ Rights
Mohammad Oghani Arani, a senior official at the pension fund, emphasized that the payments reflect the government’s dedication to fulfilling its obligations to retirees. “Through coordinated efforts with the Budget and Planning Organization and banking networks, the funds will be deposited into retirees’ accounts alongside their August pensions,” he stated.
Clearing Outstanding Dues
The backlog of pension adjustments for retired teachers in 2021, amounting to approximately 10 trillion rials, was partially settled earlier this year, with 50% paid in June. The remaining 4.5 trillion rials will now be distributed in August. Additionally, adjustments for the first eight months of 2023—totaling around 14 trillion rials—began in June and will be fully settled by year-end.
Transparency in Deductions
Pension Fund CEO Seyed Mirzaei clarified that delayed deductions—previously causing administrative delays—have been fully resolved as of May. “Retirees no longer face pending deductions, and any auxiliary payments are now processed immediately,” he assured.
Pending Adjustments for Medical University Retirees
While most retirees will see their dues cleared, medical university pensioners await payments tied to a 15% legal adjustment. Mirzaei explained that funding hinges on asset sales currently delayed due to stock market regulations. “Payments will proceed as soon as resources are secured,” he affirmed.
The pension fund reaffirms its commitment to resolving all retiree claims systematically, ensuring financial stability for beneficiaries.
Source: Intitar
