Morocco Considers Minimum Pension Reform to Combat Elderly Poverty

5 February 2022 – byGinette · 1 min read

In the third issue of its thematic bulletin entitled "CESE alert", the Economic, Social and Environmental Council (CESE) called for the acceleration of the structural and comprehensive reform of the pension sector in Morocco. The aim is to establish a national solidarity pension system capable of meeting the expectations of present and future generations of active and retired workers and guaranteeing their rights.

The "minimum old-age income" according to the CESE, should not be less than the poverty line and is intended for people who will not benefit from a retirement pension as part of the comprehensive reform of pension schemes and the social protection system in general.

Thus, the council calls for the adoption of an approach that can promote long-term investment. It invites "to facilitate the establishment of a system around two public (CMR/RCAR...) and private (CNSS/CIMR...) poles and to promulgate the legal and regulatory texts necessary to ensure the convergence of pension schemes".

The CESE recommends the establishment of a unified national pension system based on a mandatory basic scheme, a contributory supplementary scheme for incomes above the ceiling and a voluntary individual capitalization scheme.

Category: Morocco

Keywords:

Social Security Economic, Social and Environmental Council