Iranian Government Approves Significant Pension Increase, Setting New Minimum
In a move aimed at bolstering social welfare, the Iranian government has officially enacted a substantial increase to pensions for retirees under the Social Security Organization.
Key Details of the Increase
First Vice President Mohammad-Reza Aref formally communicated the cabinet’s approval to the Ministry of Cooperatives, Labour, and Social Welfare. The new measures outline a tiered increase structure:
- Retirees, disabled individuals, and survivors currently receiving a pension equal to or less than the previous year’s minimum wage will see a significant 45% increase in their benefits, retroactive to the start of the current Iranian year.
- Those whose existing pensions were above the previous minimum wage will receive a 32% increase plus a fixed sum of 931,605 tomans.
- The decree also standardizes family and child allowances for Social Security pensioners to match those provided to retirees of executive agencies.
New Minimum Pension Benchmark
A key outcome of this directive is the establishment of a new guaranteed minimum for total payments. When all benefits, including family and child allowances, are combined, no beneficiary will receive less than 16 million tomans. This measure is designed to directly support the livelihood and housing needs of pensioners and their families.
This decision reflects the government’s ongoing focus on enhancing social safety nets and supporting vulnerable segments of society.
