The Social Security Organization of Iran will increase its minimum pension payments by 26% to reach 19.11 million rials ($100) as of the month ending July 21.
“The payment to retirees of other pay levels [above the minimum] will rise by 15%, plus a monthly fixed sum of 1.64 million rials [$8.63],” the Islamic Republic of Iran News Network quoted Banafsheh Mahmoudian, a senior official with the organization, as saying.
The Social Security Organization, Iran's largest pension fund, was hit particularly hard by coronavirus pandemic because a majority of its members are working in coronavirus-hit industrial enterprises, service units and guilds.
“On the other hand, it has to reimburse hospitals and healthcare providers for virus-related treatment costs,” Hojjat Mirzaie, deputy minister of cooperatives, labor and social welfare, said recently.
