Mohsen Paknejad, Minister of Oil and Chairman of the Board of Trustees of the Oil Industry Pension Funds, received letters from retiree associations in the oil industry in the provinces of Khuzestan, Markazi, Alborz, and Najafabad, expressing support and appreciation for the policies adopted regarding the safeguarding of the funds' assets and resources. These associations emphasized that strengthening the position of this economic entity within economic structures and decision-making is of great importance.
Appreciation for the Ministry of Oil's Approach
The Khuzestan Oil Industry Retirees Association, in a letter to the Minister of Oil, regarded the Ministry of Oil's approach as an effective action for preserving the assets and resources of the oil industry pension funds. This association introduced the increase of seats for the Investment Goals Company in the management structure of the holdings and economic entities related to the funds as a valuable step towards strengthening the position and capacity of this entity in managing and safeguarding the long-term interests of retirees and their survivors.
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In this regard, the Central Oil Industry Retirees Association also emphasized the importance of safeguarding the assets and resources of pension funds in a letter to the Minister of Oil, stating that strengthening the economic foundation of the funds is a fundamental issue in securing the long-term interests of retirees and their survivors in the oil industry. This association also stressed the necessity of focusing on long-term interests, preserving asset values, and strengthening the income sources of the funds.
Attention to Targeted Investments
The Alborz Oil Industry Retirees Association, in a separate letter, expressed gratitude for the Ministry of Oil's policies regarding the safeguarding of the assets and resources of pension funds and emphasized the necessity of focusing on targeted investments and strengthening sustainable income flows for the funds. This letter referred to increasing the funds' capacity for more effective participation in economic and managerial structures and considered it an important factor in protecting the interests and assets of retirees and their survivors in the oil industry.
The Najafabad Oil Industry Retirees Association also sent a similar letter to the Minister of Oil, emphasizing the importance of safeguarding the assets and resources of these funds and strengthening their economic backbone. Overall, the oil industry retiree associations, in these letters, regarded strengthening the presence and role of pension funds in managerial and economic structures, preserving asset values, strengthening income sources, and focusing on the long-term interests of retirees and their survivors as important aspects of safeguarding the funds' assets and appreciated the Ministry of Oil's approach in this regard.
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