Rewritten Title:
“Iranian Retirees to Receive August Pensions in Late-Month Payment Shift – New Credit Scheme Announced”
Revised Pension Payment Schedule for August 2024
Iran’s Social Security Organization has adjusted its pension disbursement process in 2024, shifting payments to the final three days of each month—a change from last year’s phased alphabetical rollout starting on the 20th.
- Key Dates:
- Social Security retirees: Payments on August 29, 30, and 31.
- Civil service retirees: August 30.
- Military retirees: August 31.
The move aims to streamline transactions amid high payment volumes and improve coordination with Iran’s banking network. While the condensed timeline enhances efficiency, some retirees report challenges managing delayed loan repayments and monthly budgets.
New Credit Initiative for Retirees
In a parallel development, Iran’s Civil Service Pension Fund signed an agreement with Tara Platform to offer retirees a 10-million-toman (≈$200) interest-free credit line for purchases at partner stores, including hypermarkets like Hyperstar, Ofogh Koorosh, and online retailers.
- Features:
- No guarantor or collateral required.
- Zero interest/fees.
- Automatic deduction from pensions after two months.
- Nationwide coverage via physical and online stores.
Retirees can activate the service through the Bank Refah portal and the Tara app.
Broader Reforms Underway
Hojjat Mirzaei, head of the Civil Service Pension Fund, announced:
- Accelerated pension adjustments for Ministry of Interior retirees.
- Finalized benefits for Agricultural Jihad retirees.
- Upcoming elections for retiree associations to enhance representation.
The credit scheme and payment reforms reflect efforts to bolster retirees’ purchasing power amid economic pressures, leveraging digital tools for financial inclusivity.
Note: All updates align with Iran’s policies to support retirees through structured fiscal and welfare measures.