Title: Pensioners Advocate for Equitable Bonus Calculation in Upcoming Budget
In a significant public campaign, Social Security pensioners are calling for their annual bonus payments to be calculated using the same formula applied to active workers. This movement, representing a substantial portion of the nation’s former workforce, highlights a push for greater social equity in financial disbursements.
A Call for Parity
The core demand of the pensioners is straightforward: the basis for calculating their annual bonus should be aligned with the formula mandated by the Labor Law for active workers. They argue that this adjustment is a matter of fairness, ensuring that those who have contributed years of service are not left at a disadvantage in their retirement.
Proposing Legislative Reform
The campaign has formally requested that the Social Security Organization and the government incorporate the necessary legal amendments into the upcoming annual budget. The objective is to harmonize the bonus calculation method for pensioners with that of the active workforce. This initiative seeks to implement payments based on the minimums set by labor regulations, taking into account prevailing economic conditions.
How the Bonus is Calculated for Active Workers
Under current regulations, the annual bonus for active workers is exempt from insurance premium deductions up to a specific ceiling. The standard calculation is equivalent to 60 days of a worker’s fixed daily wage, provided it does not exceed the set limit of 90 days of the minimum daily wage as determined by the Ministry of Labor.
For illustration, if a worker’s fixed daily wage in the current year is 3,463,656 Rials, their bonus would be calculated as follows:
- Bonus (60 days of wage): 207,819,360 Rials
- Maximum exempt ceiling (90 days of minimum wage): 311,719,040 Rials
Any bonus amount paid above this ceiling is not added to the insurance calculation list.
A Move Towards Strengthened Trust
The discussions underscore a clear desire from a vital segment of society to address perceived inequalities. Legal reforms and increased transparency in this area are presented as suitable mechanisms for establishing balance and fairness in payments. Undoubtedly, precise planning and coordination by the responsible authorities in addressing this matter can serve to reinforce pensioners’ confidence in the nation’s executive systems.