Civil Servants Pension Fund

Source: Wikipedia, the free encyclopedia.

Civil Servants Pension Fund (CSPF) is an Iranian independent

law enforcement agencies, and the Islamic Revolutionary Guard Corps
, Iran's second major military organization, have their own pension systems.

social security.[2] Membership in the social security system for all employees is compulsory.[3]

Beneficiaries

In 2012, CSPO had 1.1 million pensioners. CSPO's beneficiaries include:[1]

  1. Civil servants covered by Management of Government Services Law.
  2. Faculty members of universities & institutes of higher education employed as tenure teaching staff.
  3. Judges employed by judiciary Branch and Ministry of Justice covered by their respective rules and regulations.
  4. Tenure diplomats of Ministry of Foreign Affairs covered by their respective rules & regulations.
  5. Tenure employees of municipalities, excluding mayors.
  6. Contract employees of executive branch requesting to be covered by civil servants Pension Fund.
  7. The self-employeds (bought out employees of
    Ministry of Roads and article 147 of Fourth Development Plan
    .)

Funding

See also: Government budget in Iran

The

defined contribution model).[4] In 2012, CSPO had 1 million public employees contributing to the fund. The government is also supporting financially the CSPO.[4]
Due to the reduced amount of resources CSPO gathers from public employees, the system now relies more on government resources.

In the future, the system will no longer rely on the government budget, and shift focus toward a (privately) funded system. The pension system will have three major pillars such as:[4]

  1. Social insurance,
  2. Social support,
  3. Complementary and supplementary
    retirement insurance
    .

Investments

See also: Economy of Iran and Tehran Stock Exchange

Civil Pension Fund Investment Company is the investment arm of CSPO. As of 2012, the fund's investments allocation was as follows:[4]

  1. Chemical and
    petrochemical sectors
    : 31%,
  2. Oil and gas companies: 17% (e.g. Iranol and Pasargad)
  3. Aseman Airlines
    )
  4. Iran Touring & Tourism Company
    .)

See also

References

  1. ^ a b "Welcome to Civil Servants Pension Fund". Archived from the original on 2010-12-22. Retrieved 2010-12-30.
  2. ^ "Iran: Country Brief". World Bank. June 2009. Archived from the original on 2011-02-10. Retrieved 2009-07-12.
  3. ^ Rouznameh, Rasmi (November 20, 1990). "Labour Code". International Labour Organization. Retrieved 2009-03-01.
  4. ^
    ISBN 978-1-908180-11-7. Archived from the original
    on 2016-12-27. Retrieved 2014-03-15.

External links
Retrieved from "https://en.wikipedia.org/w/index.php?title=Civil_Servants_Pension_Fund&oldid=1216933465"