Title: Iran’s Pension Funds Announce November 2024 Payment Schedule and Details
Article:
In a move that underscores the government’s commitment to its social obligations, Iran’s major pension funds have officially released the detailed schedule and payment amounts for retiree pensions for the Persian month of Aban 1404 (November 2024). The announcement confirms that all payments will be processed on time and without delay, reflecting the stability and order of the nation’s social welfare systems.
Official Payment Window Confirmed
According to the official announcements from the various retirement funds, the nationwide disbursement of pensions will occur between the 21st and the 30th of Aban. The payments for this month will follow the established procedures, ensuring a smooth and timely transfer of funds to all beneficiaries. The pension amounts, which vary based on the specific fund and an individual’s service history, are reported to range between 8 and 16 million tomans.
A Breakdown by Pension Fund
The schedule has been carefully coordinated across different sectors to ensure efficiency.
Social Security Organization: Payments for this largest group of retirees are scheduled for the 28th, 29th, and 30th of Aban. The organization has stated that this schedule, moved to the month’s end, is designed to better synchronize with the national banking network and streamline the payment process. The pension amount for this group varies between 8 and 13 million tomans.
Civil Servants Retirement Fund: Retirees from the state sector will receive their pensions starting on the 29th of Aban, with the process concluding by the end of the 30th. Payments in recent months have been consistently on time. The average pension in this fund is estimated to be around 15 million tomans.
Military Personnel Retirement Foundation: As per tradition, pensions for military retirees will be deposited on the 30th of Aban. The foundation has emphasized that the November payments will include increased livelihood assistance and benefits for veterans and their families.
Oil Industry Retirement Fund: Leading the schedule, this fund will begin its payments earliest, from the 21st to the 24th of Aban. Reports confirm the process will proceed according to plan and without delay.
Commitment to Retiree Welfare
The announcements from the pension funds highlight the ongoing implementation of the approved annual increases for the year 1404. These adjustments, which include substantial raises for lower-income pensioners and additional allowances for dependents, demonstrate the system’s responsiveness to the needs of its retirees. The structured and timely payment of pensions is a key component of Iran’s social contract, ensuring financial security for those who have served the nation.