Title: Landmark Government Initiative Clears Path for Pension Payment Disbursement
In a significant move to address long-standing financial commitments, Iran’s Social Security Organization has initiated the disbursement of overdue pension adjustments and annual increments. This action follows a major directive from the Supreme Coordination Council of the Heads of Branches of Power, aimed at settling a substantial portion of government liabilities.
A Phased and Systematic Approach
The rollout of these payments is being conducted in a structured, phased manner. The third and current phase commenced officially on Monday, October 12, 2024. The process is being executed gradually, based on beneficiaries’ surnames and their designated banking institutions. This systematic approach is designed to ensure an orderly and efficient transfer of funds to approximately one million retirees.
High-Level Government Backing
The payment initiative is supported by a comprehensive financial package approved at the highest levels of government. The plan involves the allocation of 70 trillion Tomans in liquid credit and 115 trillion Tomans in state-owned shares and assets. These resources are being gradually liquidated to fund the obligations, with priority given to settling dues with medical centers and supplementary insurance providers.
Ministerial Assurance on Supplementary Insurance
In a recent parliamentary session, Ahmad Meydari, the Minister of Cooperation, Labour, and Social Welfare, addressed concerns regarding delays in payments to supplementary insurance funds. Responding to inquiries from lawmakers, the minister affirmed that the settlement of these outstanding debts is a top priority and is scheduled for completion by the end of the coming week.
Payment Schedule Overview
The disbursement plan for pension arrears has been structured in three distinct phases:
- Phase One & Two: These initial phases, covering retirees with pensions up to 20 million Tomans and all survivor beneficiaries, have been successfully completed.
- Phase Three: Currently underway, this phase targets retirees with pensions exceeding 20 million Tomans. Payments began on October 12, 2024, and are being processed incrementally.
This coordinated effort underscores the government’s commitment to honoring its social obligations and providing for the welfare of its retired community.