Benkirane: A single retirement plan is difficult to implement
In his speech to the House of Councillors in the plenary session devoted to the monthly "pension system between sustainability plans and coverage limitations."
Source : https://www.marocafrik.com/english/Benkirane-A-sin...
Benkirane said that several scenarios are being examined, ranging from the maintenance plan today with the introduction of reforms to ensure their survival until the establishment of a single retirement plan to remedy the fragmentation of systems and to ensure a solid financial base.
Among the possibilities discussed, is also setting up a pension plan with two poles, one for public and one for private, each with a mandatory ceiling and a supplemental plan, said the Prime Minister.
In addition to the institutional side, the reform of the pension system needs to achieve two major actions, namely the restoration of financial equilibrium of civil pensions and expanding coverage to include all employees and active active self-employed persons, he added.
Referring to the proposed solutions for reform, Benkirane recalled some choices made by other countries, such as the revision of the terms of pension plans, the upward revision of the age of retirement, the calculation of retirement based on the average salary and non salary and the last increase of dues.
On the issue of extending coverage to non-employees, Benkirane noted that the technical committee of the reform recommended a comprehensive study to determine the demographics and socio-economic category, on the basis of which an adequate coverage will be applied, together with the progressive obligation to join the scheme for self-employed starting with the professions (doctors, pharmacists, engineers, lawyers).
The guiding principles of the reform will be the establishment of a coherent and equitable pension plan for the preservation of assets and the guarantee of a minimum income necessary for a dignified life, in addition to creating a supplementary plan for the improvement allowances and funding of the entire system through fair and cooperative means, he said.
Based on the recommendations of the National Commission for the reform of pensions, there will be a development of the general framework of this reform and the adoption of the legal and organisational environment, in addition to the establishment of a clear vision for the governance of the new system and a study to cover non-employees including health insurance and insurance against the risks of old age.
Benkirane emphasized the need to consider, in the context of the overall reform and deep pension system, the social and political level of the non reform, adding that this major project requires the mobilization and membership of all political, social, economic classes and civil society.
Established in 1977, the Group Plan allocation of pensions (RCAR) has approximately 192,000 taxpayers local government officials and institutions, and in 2011 totaled nearly $ 2 billion dirhams of contributions, knowing that the contribution rate is fixed at 18 pc of the amount of salary, 6 per cent borne by the employee and the employer 12 per cent.
The number of beneficiaries of this scheme, reached 104,000 in 2011, some retirees receiving benefits in the order of 3.39 billion dirhams. The average amount of the allowance is 3,862 DH and the financial reserves of the body were 82 billion dirhams in 2011.
For its part, the National Social Security Fund (NSSF), created in 1959 has 2.54 million private sector employees and recorded in 2011 contributions totaling 7.28 billion dirhams. The same year, the fund disbursed 6.5 billion to addresses for 262,000 retirees.
The average of the monthly statement is 1,772 dirhams while the contribution rate charged is 11.89 per cent monthly salary, including 7.93 per cent paid by the employer and 3.96 per cent by the employee . The cash reserves reached 27 billion dirhams in 2011.
In this regard, Benkirane stressed that this case is going to experience its first deficit in 2021 and its financial reserves will be exhausted in 2049, adding that the CNSS suffers from non-coverage of a large segment of the population, which deprives it of a significant financial base and also deprives this category of coverage (about 8.5 million people do not have active coverage out of a total labour force of 10.4 million people).
The Moroccan Interprofessional Pension Fund (CIMR), established in 1958, totals, 253,000 members and 4.8 billion dirhams contributions in 2011, while the beneficiaries in the same year amounted to 136,000 pensioners who received 2.95 billion dirhams in allowances.
The contribution rate in this case is not fixed by law and its average monthly allowance is 2,230 dirhams. Financial reserves have, in turn, reached some 24.8 billion dirhams in 2011 .
Among the possibilities discussed, is also setting up a pension plan with two poles, one for public and one for private, each with a mandatory ceiling and a supplemental plan, said the Prime Minister.
In addition to the institutional side, the reform of the pension system needs to achieve two major actions, namely the restoration of financial equilibrium of civil pensions and expanding coverage to include all employees and active active self-employed persons, he added.
Referring to the proposed solutions for reform, Benkirane recalled some choices made by other countries, such as the revision of the terms of pension plans, the upward revision of the age of retirement, the calculation of retirement based on the average salary and non salary and the last increase of dues.
On the issue of extending coverage to non-employees, Benkirane noted that the technical committee of the reform recommended a comprehensive study to determine the demographics and socio-economic category, on the basis of which an adequate coverage will be applied, together with the progressive obligation to join the scheme for self-employed starting with the professions (doctors, pharmacists, engineers, lawyers).
The guiding principles of the reform will be the establishment of a coherent and equitable pension plan for the preservation of assets and the guarantee of a minimum income necessary for a dignified life, in addition to creating a supplementary plan for the improvement allowances and funding of the entire system through fair and cooperative means, he said.
Based on the recommendations of the National Commission for the reform of pensions, there will be a development of the general framework of this reform and the adoption of the legal and organisational environment, in addition to the establishment of a clear vision for the governance of the new system and a study to cover non-employees including health insurance and insurance against the risks of old age.
Benkirane emphasized the need to consider, in the context of the overall reform and deep pension system, the social and political level of the non reform, adding that this major project requires the mobilization and membership of all political, social, economic classes and civil society.
Established in 1977, the Group Plan allocation of pensions (RCAR) has approximately 192,000 taxpayers local government officials and institutions, and in 2011 totaled nearly $ 2 billion dirhams of contributions, knowing that the contribution rate is fixed at 18 pc of the amount of salary, 6 per cent borne by the employee and the employer 12 per cent.
The number of beneficiaries of this scheme, reached 104,000 in 2011, some retirees receiving benefits in the order of 3.39 billion dirhams. The average amount of the allowance is 3,862 DH and the financial reserves of the body were 82 billion dirhams in 2011.
For its part, the National Social Security Fund (NSSF), created in 1959 has 2.54 million private sector employees and recorded in 2011 contributions totaling 7.28 billion dirhams. The same year, the fund disbursed 6.5 billion to addresses for 262,000 retirees.
The average of the monthly statement is 1,772 dirhams while the contribution rate charged is 11.89 per cent monthly salary, including 7.93 per cent paid by the employer and 3.96 per cent by the employee . The cash reserves reached 27 billion dirhams in 2011.
In this regard, Benkirane stressed that this case is going to experience its first deficit in 2021 and its financial reserves will be exhausted in 2049, adding that the CNSS suffers from non-coverage of a large segment of the population, which deprives it of a significant financial base and also deprives this category of coverage (about 8.5 million people do not have active coverage out of a total labour force of 10.4 million people).
The Moroccan Interprofessional Pension Fund (CIMR), established in 1958, totals, 253,000 members and 4.8 billion dirhams contributions in 2011, while the beneficiaries in the same year amounted to 136,000 pensioners who received 2.95 billion dirhams in allowances.
The contribution rate in this case is not fixed by law and its average monthly allowance is 2,230 dirhams. Financial reserves have, in turn, reached some 24.8 billion dirhams in 2011 .
Source : https://www.marocafrik.com/english/Benkirane-A-sin...