Increased pensions to support Iran's low income families

Business Materials 26 February 2020 14:37 (UTC +04:00)
Increased pensions to support Iran's low income families

TEHRAN, Iran, Feb.26


Increase of pensions before new Iranian year (begins March 21, 2020) aims to support low income class, member of the parliament’s social committee Abdoleza Azizi told Trend.

"Providing advances for the purchase of necessary goods for retired employees will help the low-income families on the eve of the new year," Azizi said.

"There was discussion over a plan for equal pensions for retired civil servants and military servicemen, but the plan has not been finalized yet," MP added.

"Considering the coming Nowruz holiday and celebration of the new year, it is important to increase the purchase power of retired employee and provide them with support of the government," he said adding that so far, up to 30 percent of the allocated funds were provided.

Iranian government has approved a bill to provide supportive packages to families that has income less than 30 million rial (about$714); therefore, 95 percent of retired employees were included covered by the plan. However, as reported, the packages have not distributed so far.

Iranian parliament has also approved salary increase in the next Iranian year. As expected, the wages will grown would increase by 20 percent in next year. Meanwhile, it has been agreed to offer 10.2 million rials (about $285) to the public service employees to make purchases from Refah chain stores.