Economy, Business And Markets

Iran's New Year Pay Rise Rates Set

New Year Pay Rise Rates SetNew Year Pay Rise Rates Set

The Supreme Labor Council late Wednesday announced wage rise rates for the new Iranian year that began on March 21. 
Minimum wage workers—those who receive 9.29 million rials (about $221)–will get a rise of 19.55% this year, while workers of other pay levels (above the minimum) will see a rise of 10.4% plus a monthly fixed sum of 846,240 rials ($20) to their wage base and a daily rise of 17,000 rials (40 cents) to their severance base pay. 
The representatives of the government, workers and employers also set 1.1 million rials ($26) as worker coupon in addition to 400,000 rials ($9.5) as housing allowance. 


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