Morocco Abolishes Parliamentary Pension System in Major Reform

The PJD-appointed chairman of the Finance Committee, Abdellah Bouanou, reports Le360, said that "the two funds have been definitively liquidated through these two bills", with six votes in favor, two abstentions and three against. With the liquidation of the pension scheme of the second chamber, 120 sitting councilors will be able to obtain the reimbursement of the total amount of contributions paid to the internal pension fund.

Thanks to an amendment adopted at the end of the meeting, a few former members of the second Chamber will continue to benefit from their pensions until 2023. In this sense, the reserves of the pension scheme of the second Chamber amount to nearly 130 million dirhams. As for the amounts to be reimbursed, they amount to 369,000 dirhams for the 120 sitting councilors.

Regarding the pension fund of the first chamber, the same liquidation regime as for the second chamber will be applied. However, it should be remembered that the pension scheme for deputies has been bankrupt since 2017.