Revised Title: Iran Announces Updated Pension Payment Schedule for Second Half of Fiscal Year
Article:
The Iranian government has released the updated payment schedule for state pensions, marking a routine adjustment as the calendar moves into the second half of the Iranian year. The revised dates, which apply to retirees across various public sectors, reflect the transition from 31-day to 30-day months.
A Seasonal Adjustment
The shift in payment dates is a standard administrative procedure tied to the Iranian calendar. As the year progresses from months with 31 days to those with 30 days, pension disbursement is adjusted accordingly. For many retirees who meticulously plan their household budgets around this income, precise knowledge of the payment timeline is essential.
Detailed Payment Calendar
The following schedule outlines the specific payment dates for the current month for major pension funds:
- Oil Industry Retirees: Between the 20th and 23rd of the month.
- Social Security Retirees: Payments will be deposited on the 28th, 29th, and 30th, distributed based on the beneficiaries’ last names.
- State (Government) Retirees: Pensions will be paid on the 29th and 30th of the month.
- Military Retirees: Payments are scheduled for the 30th of the month and the 1st of the following month.
This schedule represents a one-day advance compared to the payment pattern of the first half of the year.
Broader Context on Pension Fund Stability
The announcement of the payment schedule comes amid broader discussions on the financial health of Iran’s pension systems. Recent statements from the Head of the Plan and Budget Organization, Davoud Manzour, regarding the government’s commitment to settling its debts to the Social Security Organization have been a focal point.
In response to these statements, Nasrollah Daryabeigi, Deputy Head of the Supreme Council of Social Security Retirees, emphasized the legal rights of pensioners. He underscored that the government’s obligations are a settled matter and should be fulfilled through cash payments or government bonds to ensure the immediate liquidity required for the fund’s operations, particularly for covering healthcare and supplementary insurance costs.
Daryabeigi highlighted that timely settlement of these obligations is crucial for maintaining the services provided to retirees and for the long-term stability of the social security fund. He called for the acceleration of legal procedures to ensure the government’s debts are settled promptly at the start of each fiscal year, a measure seen as vital for preventing future financial challenges.