Iranian Retirees to Receive Up to 10 Million Tomans in New Payment Initiative
In a significant move to address economic concerns, a new payment schedule for Iranian retirees has been officially published, outlining substantial financial adjustments aimed at enhancing social welfare.
New Payment Schedule Announced
The Social Security Organization has released a detailed table for the payment of pension differentials. This initiative is designed to compensate for rising living costs and to harmonize pension payments, offering considerable economic relief to retirees across the nation.
Key Details of the Payment Plan
According to the official announcement, payments will be disbursed in phases, categorized by retiree groups. The average monthly differential payment varies between 1.5 to 3 million tomans. Furthermore, arrears for the initial months of the year were paid in a lump sum in Mordad (July/August).
A sample of the payment structure is as follows:
- Minimum-wage retirees: 35% increase, averaging 2,000,000 tomans monthly, with a total arrears payment of 8,000,000 tomans.
- Other tiers (scaled): 22% increase, averaging 1,500,000 tomans monthly, with total arrears of 6,000,000 tomans.
- Pensioners under harmonization: Up to a 40% increase, averaging 2,500,000 tomans monthly, with total arrears reaching 10,000,000 tomans.
Policy Objectives and Economic Impact
These measures underscore the government’s concerted effort to mitigate the economic pressure of inflation on retirees. The increased payments are expected to directly improve their quality of life, aiding with essential expenses such as food, housing, medical costs, and family support. The transparency of the published schedule is also a key benefit, providing retirees with clarity and enabling better financial planning while curbing the spread of misinformation.
Payment Timeline and Execution
The distribution of funds commenced on the 30th of Mordad. The remaining phases are scheduled for completion by the end of Shahrivar (September). All payments are being deposited directly into retirees’ subsidy or salary accounts and are immediately available for withdrawal. The Social Security Organization has confirmed that the necessary funding, sourced from a combination of the state’s public budget and the organization’s internal revenues, was secured prior to the rollout.
This new payment table represents a positive step in supporting the economic stability of Iran’s retiree community.
