Retired Iranian bank employees from all over Iran came to Tehran today to protest their low pension. The protesters gathered outside the Bank Pension Fund Office.
The pensioners said that the managers of the Fund use various excuses not to implement the law and increase their pension.
According to Article 96 of the Social Security Law, the Social Security Organization has to raise pensions taking into account increasing prices and inflation.
“We have many problems due to our old age and following up an increase in our pension adds to our many problems”, a pensioner said.
“As such, we cannot live on a one million toman pension and officials have to think of us,” he added.
The current poverty line in Iran is 4 million tomans.
Before this on October 16, Iranian pensioners gathered from across the country to rally outside the Planning and Budget Organization office building in Tehran. Retired nurses and other Health Ministry employees also participated in the protest. The rally drew retired employees from Kermanshah, Fars Province, Borujerd
Retired employees have in the past year held a number of protest rallies since none of their demands were met.
Of course in Iran, all sectors of the society including workers, who sometimes don’t receive their salaries for months, suffer from low wages.
According to ISNA state-run News Agency, “article 41 of the Iranian Labor Law states that the minimum wage shall be sufficient to meet the living expenses of a family and should take into account the inflation rate announced by the Central Bank.”
“Everyone in the country receives their wages in the rial (Iran’s official currency) but the prices are in dollar. With today’s economy, when prices have tripled and when the purchasing power has reduced to a quarter of what it was, it’s natural that the one million and 200 thousand toman salary of a worker is not enough,” the news agency wrote on October 21.