Title: Landmark Financial Settlement Paves Way for Pension Payments and Healthcare Funding
Introduction
In a significant move to address financial obligations, the Iranian Social Security Organization has announced the commencement of a crucial payment installment for the nation’s retirees and pensioners. This step is part of a broader, multi-phase government-backed economic plan to settle outstanding dues and stabilize the social security system.
New Payment Cycle Begins
The organization confirmed that the gradual and continuous payment of adjusted and annual salary arrears, dating back to the start of the current Iranian year (March 2024), will begin for remaining retirees and pensioners. These payments, which will be processed through agent banks starting this week, are reported to range between 4 to 5 million Tomans per individual.
A Phased Approach to Settling Dues
This latest disbursement represents the third phase of a structured payment plan. Previous installments were successfully rolled out as follows:
- First Phase: Allocated in early September to retirees and disabled individuals whose total benefits did not exceed 20 million Tomans.
- Second Phase: Distributed alongside the September salary payments to all surviving pension beneficiaries.
Major Economic Endorsement for Social Security
This ongoing payment initiative is supported by a major economic decision. In a recent session of the Supreme Council of Economic Coordination, a comprehensive plan to settle 185 trillion Tomans of government obligations to the Social Security Organization was formally approved. This landmark resolution is structured to provide financial stability through a combination of:
- 70 trillion Tomans in Islamic financial bonds.
- 115 trillion Tomans in shares and assets.
System-Wide Impact and Future Outlook
With the official endorsement of this plan, the process of allocating and issuing the financial bonds has commenced. The subsequent conversion of these bonds into liquid assets will enable the Social Security Organization to prioritize and clear the outstanding claims of its contracted medical centers and supplementary health insurance providers. Officials have noted that this multi-stage process requires an appropriate timeframe for completion.
Upon the successful liquidity conversion, the organization is set to systematically address the financial obligations to the healthcare sector. Concurrently, the steady and continuous payment of pension arrears will persist, ensuring all remaining eligible individuals receive their dues in a timely manner.