EghtesadOnline: The Supreme Labor Council late Wednesday announced wage rise rates for the new Iranian year that began on March 21.
Minimum wage workers—those who receive 9.29 million rials (about $221)–will get a rise of 19.55% this year, while workers of other pay levels (above the minimum) will see a rise of 10.4% plus a monthly fixed sum of 846,240 rials ($20) to their wage base and a daily rise of 17,000 rials (40 cents) to their severance base pay.
The representatives of the government, workers and employers also set 1.1 million rials ($26) as worker coupon in addition to 400,000 rials ($9.5) as housing allowance, according to Financial Tribune.
Moreover, for each child under 18, workers will receive 1.11 million rials ($26), Mehr News Agency reported.
The new wage hikes are to be notified by Minister of Cooperatives, Labor and Social Welfare Ali Rabiei to all employers on Sunday.