The transfer of ownership shares of Farhangian Reserve Fund from the next 6 months

According to the education reporter of Fars news agency, Reza Murad Sahrai, Acting Minister of Education, said on the sidelines of the unveiling ceremony of the ownership plan held in Tehran’s Shahid Bahonar camp: “The discussion of handing over ownership value is one of the long-standing demands of teachers.” During their service period, teachers save a little of their capital in the teachers’ reserve fund, the government also puts some on it, and over time, interest is accrued on it.

He continued: This amount will be given to them when a cultural person retires, but the profit that comes from the real estate and the fund’s capital has not been given to them.

Sahrai added: In the last year and a year and a half, in-depth studies have been done in terms of finance and audit and related works in the Farhangian Reserve Fund and they came to the conclusion that it is possible to hand over part of the capital and examine the entire capital. They decided which parts could be handed over.

He added: They started handing over companies that have two characteristics, firstly, they are listed and secondly, they are profitable. Because some companies are not profitable.

Acting Minister of Education added: “We started the ownership value plan and unveiled it today, and this demand is on the way to implementation.” The train has left the station.

Stating that the handover itself was supposed to start today, he said: I have announced that you are ready to hand over 10% of the fund’s shares, then do this. This means that 10% of the total shares of the fund are in these 3 companies, and a very small percentage of these 3 companies is also requested to be transferred. It is possible to increase the number and reach a percentage where this gradualness is not 50 steps but reaches 5 steps.

Acting Minister of Education stated: Our prediction is that the transfer will start in the next 6 months. Every company that is profitable goes to the stock market and once the price is determined, the possibility of transfer begins.

He continued: We have 1,600,000 working and retired teachers, starting with the retired. It is a transformative work, which was done by Mr. Noori’s predecessors. The workers are in the next stage.

Nouri also said: This issue was raised from the beginning. Friends took a long time to start this work. The beginning of the transfer of property value will be done in a logical schedule and with a very high precision, and I am sure that with the motivation of friends and jihadi work, the teachers’ study will be realized.

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