Title: Government Approves Long-Awaited Retirement Bonuses – Key Details
Retirement Benefits Cleared for Payment
The Iranian government has issued a directive to all executive bodies, mandating the disbursement of pending end-of-service bonuses for retirees by the end of the fiscal year 1403 (2024-2025). The move follows strict adherence to budgetary laws and financial regulations, ensuring retirees receive their rightful dues.
Legal Framework and Payment Process
Under Article 19 of the Budget and Planning Law and Article 28 of the Financial Regulations Amendment, allocated funds will be distributed in compliance with Table No. 9 of the National Budget Law of 1404 (2025). Executive agencies must submit verified beneficiary details—including national ID, retirement date, bank account information, and payment amount—to the Ministry of Economic Affairs and Finance (Treasury) for processing.
Payments are capped at 5.2 billion rials per retiree, subject to approval by authorized financial officers. The Treasury will facilitate transfers via credit payment policies to streamline liquidity management.
Addressing Past Delays
Mirzaei, head of the National Retirement Fund, clarified that previous delays in pension deductions—once backlogged for three months—have now been fully resolved. “Retirees no longer face pending deductions,” he stated, emphasizing that side payments (e.g., for auxiliary funds or stores) are now settled promptly.
Pending Claims and Teacher Pensions
Outstanding adjustments for retirees, including legal reforms and salary reconciliations, are also being addressed. Notably, retired teachers from 1400 (2021-2022) are set to receive their second installment (approx. 4.5 billion rials) in Mordad (July-August 2024), following an initial 50% payout in Khordad (May-June 2024).
Prioritizing Urgent Cases
Executive authorities retain discretion to expedite payments for retirees facing critical circumstances, such as severe illnesses, ensuring timely support for those in need.
This directive underscores the government’s commitment to upholding retirees’ financial rights while reinforcing transparent fiscal governance.
Note: All measures align with national laws and prioritize retirees’ welfare without disruption.
