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Iran's Civil Servants Pension Fund to disclose financial transactions

Finance Materials 5 July 2019 16:53 (UTC +04:00)

Tehran, Iran, July 5

Trend:

The Civil Servants Pension Organization (CSPO) is to implement more transparency by releasing performance and financial statements of companies, said CSPO's managing director.

"Release of the data on salaries and education background of officials in companies is only part of the process, and the transparency will continue via publishing performance reports and financial statements of the companies," Saeed Miad Salehi added, Trend reports citing IRNA.

Recently, the Civil Servants Pension Organization held a meeting attended by 400 officials from 31 provinces to address issues and demands to the managing director and other managers.

During the meeting, four expert panels hold discussions on salary, supplementary insurance, traveling tours, economy and companies related to CSPO. Issues related to lack of human resources and management to cover the needs of pensioners including health care insurance and pensions for retirees were also discussed.

Salehi emphasized that a document will be signed in September to provide sources to match the pensions with salaries and upgrade the supplementary insurance plan of pensioners.

CSPO is an independent legal entity under the governance of the Ministry of Welfare and Social Security. This organization is responsible for the affairs related to the retirement of Iran civil servants.

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