Agadir 24 | Agadir24
The Minister of Economy and Finance, Nadia Fattah Al-Alawi, revealed the latest developments in pension systems reform and the government’s measures to improve the situation of retirees.
During her speech in the oral questions session in the House of Representatives, Al-Alawi stated that the economic situation of retirees is at the center of the government’s attention, and that the latter has opened the door to social dialogue with various partners to engage in these workshops that have been delayed for years.
The Minister of Finance acknowledged that retirement systems and funds suffer from several deficiencies, as this issue must be reconsidered by a comprehensive reform of these social workshops, noting that the current government is determined to reform these workshops that concern retirees along with all the partners with whom it is in dialogue.
In this context, the government official reviewed the measures that were taken within the framework of reforming retirement systems, where pensions were increased by 5 percent for retirees enrolled in the National Social Security Fund, in addition to the 1,300-day law that was approved in the House of Councilors, as well as measures Social support that retirees also benefit from.
Nadia Fattah Al-Alawi explained that during the April round of social dialogue, three pillars were agreed upon to reform the retirement system, the most important of which are the public and private poles, given that they cannot be integrated due to the differences between them, as well as defining the mechanisms for transitioning to a new system while preserving rights and gains, in addition to strengthening Governance of pension systems.
The same speaker concluded that only half of the working people, or about 10 million, benefit from retirement systems, compared to 5 million who do not have access to retirement, stressing the need to find solutions to ensure that the entire working class benefits from this right.
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**Interview with Nadia Fattah Al-Alawi, Minister of Economy and Finance**
**Interviewer**: Thank you for joining us, Minister Fattah Al-Alawi. Recently, you spoke about the ongoing reforms to the pension system in Morocco. Can you share with us some of the key developments?
**Nadia Fattah Al-Alawi**: Thank you for having me. The government is indeed committed to reforming the pension systems to ensure that retirees can live with dignity and security. We are focusing on addressing the financial challenges that many retirees face today, with an emphasis on sustainability and equity in the distribution of benefits.
**Interviewer**: You mentioned that the economic situation of retirees is a priority. What specific measures is the government implementing to improve their situation?
**Nadia Fattah Al-Alawi**: We are exploring several measures, including increasing pension benefits, improving the management of pension funds, and introducing policies that encourage saving for retirement. We also aim to enhance the transparency of the pension systems so that retirees can better understand their entitlements.
**Interviewer**: How do these reforms align with the current economic conditions in Morocco?
**Nadia Fattah Al-Alawi**: Our reforms take into account the broader economic landscape. We understand that the economic situation can be challenging, but we believe these changes are crucial for long-term stability. By strengthening the pension system, we are not only supporting retirees but also stimulating economic growth as they will have more purchasing power.
**Interviewer**: What steps will be taken to ensure that these reforms are effectively implemented?
**Nadia Fattah Al-Alawi**: Implementation is key. We are setting up a dedicated task force to oversee the reform process, engage with stakeholders, and monitor progress. Furthermore, we will seek input from retirees and the public to ensure the reforms meet their needs and expectations.
**Interviewer**: Thank you, Minister Fattah Al-Alawi, for sharing these insights. We look forward to seeing the impact of these reforms on the lives of retirees in Morocco.
**Nadia Fattah Al-Alawi**: Thank you. It’s important for us to communicate these developments, and I appreciate the opportunity to share our plans.
