The government is studying ways to reduce the pension increase for private sector retirees by 5% with a minimum of 100 dirhams, as proposed by the Board of Directors of the National Social Security Fund held at the end of 2019.
A government source said that this increase will come soon, despite its expected negative impact on the sustainability of the system, as it will reduce the sustainability of the system by 3 years, with the system bearing an additional annual financial cost of 693 million. dirhams.
The same source added that, faithful to the social orientation of the government and its concern to improve the living conditions of the elderly in Morocco, the government has not neglected to do what is necessary in its program to protect people. elderly, by creating an “income”, which will benefit citizens aged 65 and over. And those who live in precariousness, its aim is to ensure a minimum income for this group to protect it from fluctuations and preserve its dignity.
This income will benefit from a progressive monetary transfer, financed by the Social Cohesion Fund, with the advantage that from the last quarter of the current year, a monthly amount of 400 dirhams will be transferred, explaining in the same context that this amount will gradually increase until it reaches one thousand dirhams with the end of the government’s current mandate.
