Iranian Government Approves Significant Pension Increase for Social Security Retirees
In a move aimed at enhancing social welfare, First Vice President Mohammad Reza A’raf has officially communicated a cabinet-approved decree to the Ministry of Cooperatives, Labour, and Social Welfare. The directive outlines a substantial increase in pensions for retirees covered by the Social Security Organization, marking a key development in the nation’s social policy.
Key Details of the Pension Adjustment
The approved increases are structured to provide the most significant support to those receiving the lowest benefits. The adjustments are as follows:
Retirees, disabled individuals, and survivors of pensioners whose current benefits are equal to or less than the previous year’s minimum wage will receive a notable 45% increase in their pensions, effective from the start of the current Iranian year.
For pensioners whose previous benefits were above the minimum wage threshold, pensions will be raised by 32%, plus a fixed sum of 931,605 tomans.
Individuals receiving partial disability benefits and others whose pensions are calculated based on insurance premium payment years will also see a 45% increase and will remain eligible for supplementary benefits.
Enhanced Supplementary Benefits
The decree also standardizes family allowances. The stipends for dependents and children of Social Security pensioners will now be aligned with those received by retirees of executive agencies, ensuring parity across different sectors.
Furthermore, the government has established a new guaranteed minimum total income. After applying all increases and supplementary benefits—including family and child allowances, subsistence aid, and housing benefits—no pensioner will receive less than 15,081,032 tomans.
This comprehensive package reflects the ongoing efforts to safeguard the livelihoods of retirees and ensure their financial security aligns with the nation’s economic developments.
Source: ILNA
