Morocco Delays Decision on Raising Public Sector Retirement Age to 63

– byJérôme · 1 min read
Morocco Delays Decision on Raising Public Sector Retirement Age to 63

The project providing for the increase in the retirement age to 63 years in Morocco, for those registered in the Collective Retirement Allocation Scheme (RCAR), is still pending validation. On Thursday, the Council of Government postponed its final decision without explanation.

Presented by the Ministry of Economy, Finance and Public Administration Reform, this project aims "to create a pension system composed of two poles, one for the public sector and the other for the private sector, in accordance with the recommendations of the National Commission for the Reform of Pension Systems." But no decision was made when the project was examined by the Council of Government, and the reasons for this postponement were also not given.

It should be noted that if the project is validated, from 2025, the year in which the funds are to be unified, retirement at age 63 will be implemented. In addition, for several years, Morocco has been constantly seeking ways to solve the problem of the deficit in the CMR and RCAR pension funds. Among other suggestions are raising the retirement age and consolidating the pension funds in the context of a project to extend social coverage in Morocco.