Social security association - Latest News Update, Information, Photos & Videos on Social security association at Lokmat Times

Tehran, Aug 19 Iran is planning to increase pensions by 38% to help offset rising prices and high inflation.The change is due to take effect at the end of August, according to the social security association, reports dpa news agency.Currently, most pensioners receive the equivalent of only a few hundred dollars, which is barely enough to survive in urban areas.Thousands of pensioners suffering amid the economic crisis have protested for higher benefits in recent months, and for support given soaring inflation.Iran is currently in the midst of a severe economic crisis and food prices have risen dramatically in recent months.The value of the currency has fallen by more than 50 per cent lately.However, there are cautious hopes that a revival of the 2015 Vienna nuclear deal could mean the lifting of sanctions on Iran which would end the economic crisis.The Joint Comprehensive Plan of Action aimed to prevent Tehran from building nuclear weapons came first into effect in 2015.In 2018 the US, under then-President Donald Trump, decided to unilaterally leave the agreement.In a diplomatic tour de force, representatives from the US and Iran, as well as other countries, had been trying to revive the agreement in recent months.A potential deal would result in the removal of US sanctions and the reinstatement of restrictions on Tehran's nuclear programme similar to the 2015 deal.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Operation Sindoor

Pahalgam Terror Attack

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Social Security AssociationFOLLOW

Social security association, Latest News

Politics :Iran to raise pensions by 38%

Tehran, Aug 19 Iran is planning to increase pensions by 38% to help offset rising prices and high ... ...