Pension Hike for University Faculty

Pension Hike for University FacultyPension Hike for University Faculty

Pension for university faculty members who retired prior to 2004 will be increased following the ratification of the bill in this regard by the Cabinet, said Seyedali Hosseini, head of Faculty Affairs at the Health Ministry.

Pension for retirees is currently $882 and as per the agreement between the Ministry of Health and the Ministry of Science, an additional amount of $588 to $882 will be paid to faculty members who retired before 2004 and have a record of 30 years in service, the Persian language Iran newspaper reported.

The increase will be based “on scientific assessment and place of service.”

The agreement was approved in the Majlis Commission of Social Affairs last month and “is ready to be discussed in the Cabinet.”