Title: Social Security Pensioners Set for Significant Income Boost in New Fiscal Year
Introduction
In a move set to bolster the economic standing of the nation’s retirees, the Social Security Organization has outlined a comprehensive plan for pension increases in the upcoming Iranian year 1405. The plan, which follows established legal and administrative procedures, combines an annual base increase with the continuation of a major pension harmonization scheme, promising a tangible improvement in the livelihoods of millions.
A Two-Pronged Approach to Pension Enhancement
Official sources confirm that the pension adjustment for the next year will consist of two key components. The first is the standard annual increment, which is determined by the Supreme Labor Council and typically announced in the final month of the current year. The second is the ongoing implementation of the “pension harmonization plan,” a significant government initiative designed to restore retirees’ purchasing power.
This dual strategy ensures that pensioners will benefit not only from a base pay rise but also from a targeted compensation for previous economic adjustments.
Details of the Ongoing Harmonization Plan
The commitment to the pension harmonization scheme was underscored by Banafsheh Mahmoudian, Director General of Pensions at the Social Security Organization. She reported that over 32 trillion tomans have already been disbursed for this purpose in the current year (1404), with the program set to continue into 1405.
“Implementation of the harmonization plan began in Aban 1403 and has so far covered more than 4.7 million retirees,” Mahmoudian stated. “According to the schedule, by the end of 1405, approximately 90 percent of the gap in the pension coefficient relative to the minimum wage will be compensated.”
Financial Commitment and Social Impact
The organization estimates the monthly cost of executing the harmonization plan in 1404 to be around 5,500 billion tomans. While this represents a significant financial undertaking for the Social Security Organization, it plays a vital role in enhancing retirees’ quality of life, boosting their purchasing power, and reducing income disparity among different pensioner groups.
Projected Increase for 1405
Based on the average salary growth in recent years, projections for the 1405 pension increase indicate a rise of 40 to 45 percent for the lowest-income pensioners. For those in other income brackets, the increase is expected to be between 25 and 35 percent. This structure ensures that those with the lowest pensions receive the largest relative boost, with their total income seeing a marked rise when combined with the harmonization plan.
A Policy Anchored in National Development
The continuation of the harmonization plan is firmly rooted in national policy. As per the Seventh National Development Plan, all pension funds, including the Social Security Organization, are mandated to continue the harmonization of pensions within the framework of approved credits. This legal backing ensures the program’s continuation in 1405, with the clear objective of narrowing income gaps and improving the welfare of retirees.
Conclusion
In summary, based on recent trends and official statements, Social Security pensioners can anticipate a substantial income increase ranging from 20 to 45 percent in the new year. The sustained application of the pension harmonization plan will further amplify this positive financial impact. The final figures for the pension adjustment will be formally announced, as per standard procedure, following the approval of the Supreme Labor Council in the final month of the current year.