Title: Government Unveils Comprehensive Financial Support Package for Retirees
In a significant move to bolster economic welfare, the Iranian government has initiated a wide-ranging financial support program targeting retirees. This initiative, which includes the disbursement of monthly pensions, subsidy adjustments, and the clearance of salary arrears, underscores the administration’s commitment to social security and economic justice.
Dual-Track Support: Subsidies and Pension Adjustments
A central pillar of this new policy is the dual approach of providing subsidy support to middle-income retirees while simultaneously settling outstanding pension adjustments. Official sources confirm that supportive subsidy credits for income deciles 4 to 7 are scheduled for payment this week. This measure is framed as a complementary element to the existing cash subsidy system, designed to provide targeted relief to specific demographic groups.
Concurrently, a major operation to clear the backlog of pension adjustments for Social Security Organization retirees is underway. Reports indicate that since October 12, accounts of some retirees have been credited with amounts ranging from 7 to 10 million Tomans. This process is part of the final phase of a multi-stage plan to reconcile and adjust pensions, with payments set to continue until October 23.
Streamlined Pension Disbursement Schedule
A key administrative change has been the consolidation of the pension payment schedule. The Social Security Organization announced that the Mehr month (September-October) pensions for its retirees will be deposited on October 19, 20, and 21. This new policy, which concentrates payments into the final three days of the month, replaces the previous alphabetical schedule that spanned a longer period. Officials state the change aims to enhance coordination with the banking network and accelerate the overall payment process.
This streamlined schedule has been adopted by other major pension funds as well:
- Civil Servants Pension Fund: Payments on October 20 and 21.
- Military Pension Fund: Payment on October 21.
- Cultural Heritage (Teachers) Pension Fund: Payment on October 21.
Notably, these dates represent a one-day advance compared to the first half of the year, a measure implemented to accommodate the shorter autumn months and ensure timely access to funds.
Ongoing Settlement of Arrears
The settlement of pension adjustment arrears remains a top priority. The Social Security Organization has confirmed that the gradual payment of differences related to the annual pension harmonization began on October 12. This represents the third and final phase of these payments, which are being processed incrementally through agent banks to ensure all eligible retirees receive their dues.
Retirees are advised to monitor their bank accounts and, in case of any discrepancies, to follow up through the official channels and dedicated online portals of their respective pension funds. This comprehensive financial package reflects the government’s focused efforts on ensuring the economic well-being of its retired community.