The Moroccan government will unveil an initial plan for pension system reforms in January, Minister of Economy and Finance, Nadia Fettah, said on Monday, at the lower house.
She asserted that the reform is based on the principles agreed upon during social dialogue, primarily focusing on creating separate public and private sectors, establishing mechanisms for transitioning to a new system while preserving rights and achievements, and improving governance.
Fettah noted the positive impact of recent social dialogue initiatives, including wage increases, which she said have extended the solvency of pension funds by an additional two to three years.
To further support the effort, the government injected MAD 1 billion (USD 100 million) into the Moroccan Pension Fund (CMR).
The minister added that the government remains committed to addressing what she described as a “challenging issue” through collaboration with all stakeholders.