Title: Pension Update: Fixed Increase Applied to Oil Industry Retirees’ Benefits
Article:
In a significant development for Iran’s energy sector retirees, a fixed amount has been added to the pension base of oil industry retirees, effective from the start of the current Iranian year (March 2024). This adjustment is part of the ongoing harmonization (hamsan-sazi) process for pensions.
Clarifying the Pension Adjustments
To address inquiries from retirees, a clear Q&A has been provided to outline the details of these changes. The key points confirm that the harmonization increase was applied from the beginning of the year 1403 (2024) without delay. The adjustment appears on pension slips as a fixed sum added to the base salary.
The increases for the years 1403 (2024) and the upcoming 1404 (2025) pertain to the standard annual raises (general and merit-based) and are separate from this harmonization process. Some confusion has arisen among retirees regarding the transparency of how these percentages are calculated and displayed on their official slips, highlighting a need for clearer accounting practices.
Revised Payment Schedule for Pensioners
In related administrative news, the payment schedule for all pensioners, including those from the Social Security Organization, as well as state and military retirees, has been adjusted for the current month.
To better manage the high volume of transactions and enhance coordination with the national banking network, the Social Security Organization has moved its payment dates to the final three days of each month. Accordingly, pensions for the month of Shahrivar will be deposited on September 20, 21, and 22 (29th, 30th, and 31st of Shahrivar). State retirees will receive their pensions on September 21, and military retirees on September 22.
Emphasis on Legal Frameworks
The community of oil industry retirees, who have dedicated years of service to the nation’s vital energy sector, continues to emphasize the importance of adhering to legal frameworks. Their core expectation is the full and precise implementation of existing laws that govern pension harmonization, ensuring their benefits are calculated correctly and transparently.
This recent application of the fixed increase is a step within the broader context of administering pension benefits in accordance with the nation’s regulations.