Iranian Government Issues Directive for 45% Pension Increase
Iran’s First Vice President has officially enacted a directive approving a significant 45% increase in pensions for retirees and beneficiaries of the Social Security Organization. The adjustment is set to take effect from the start of the upcoming Iranian calendar year (March 2024).
Structured Increase for Higher Earners
The directive outlines a structured approach for the raise. Pensioners who currently receive more than the minimum base amount will see a 32% increase to their existing pension. Additionally, a fixed sum of 9,316,050 Rials will be added to their monthly payments.
Guaranteed Minimum for All Beneficiaries
A key provision of the new directive establishes a firm guaranteed minimum for all pensioners. It mandates that the total monthly income for minimum-wage recipients, when all supplementary benefits are included, must not fall below 15,803,000 Tomans. This measure ensures a standardized living baseline for all retirees under the organization’s coverage.
This move is part of the government’s ongoing efforts to safeguard the economic welfare of its retired population and adjust social benefits in line with economic conditions.
