Title: Landmark Financial Package and Pension Increases Roll Out for Iranian Retirees
In a significant move to bolster the national social security system, Iranian authorities have announced the implementation of a major financial package and the disbursement of increased pension benefits, underscoring the government’s commitment to social welfare.
Pension Adjustments Commence
The Social Security Organization has announced that the process of paying delayed pension adjustments and annual salary increases for the remaining eligible retirees and pensioners has begun. This phased payment process, organized alphabetically and by banking partner, started on Monday, October 13, 2024. This follows earlier payments made in September for retirees with a total income of up to 20 million tomans and for all disabled pensioners.
The organization has urged all beneficiaries to refer exclusively to its official channels—the website Tamin.ir and its verified social media accounts under the handle Tamin_Media—for authentic updates. A 24/7 response line is also available at 1420 for any inquiries.
A Major Step: Settling Government Obligations
In a parallel and crucial development, a recent session of the Supreme Council for Economic Coordination of the Heads of Branches of Power approved a landmark resolution to address government obligations to the Social Security Organization. The approved package, valued at 185 trillion tomans, is structured to provide substantial financial reinforcement. It comprises 70 trillion tomans in Islamic financial bonds and 115 trillion tomans in shares and assets.
Once this resolution is formally communicated and the credit is allocated, the liquidity generated from the bonds will be used to settle outstanding claims with contracted academic and non-academic medical centers, as well as for supplementary health insurance.
Legislative Reforms for a Sustainable Future
Further demonstrating a proactive approach to social security, a meeting was held between the Social Security Organization’s CEO and the Iranian Parliament’s Social Commission. The session focused on seven key reform proposals designed to safeguard the organization’s resources and streamline its operations.
The proposed amendments cover a wide range of areas, including:
- Facilitating the settlement of government debts through cash, bonds, shares, and assets.
- Expanding insurance coverage for workers, carpet weavers, and handicraft artists.
- Revising calculations for retirement age and handling hazardous occupations.
- Proposing the legal reintegration of the Bank of Workers’ Welfare into the organization to strengthen its financial arm.
Mostafa Salari, the CEO of the Social Security Organization, emphasized that these reforms are aimed at returning the organization to its core missions as defined by law, preventing irregular payments, and ensuring the long-term sustainability of its resources for all beneficiaries. He expressed gratitude for the parliament’s cooperation in this vital national endeavor.