Pension System Reform Delay Has Cost Morocco Dhs 10 Billion

Pension System Reform Delay Has Cost Morocco Dhs 10 Billion

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Morocco's Head of the Government, Mr. Abdellilah Benkirane.
Morocco’s Head of the Government, Mr. Abdellilah Benkirane.

Rabat, Morocco (TMT)- In an interview given to Moroccan paper Aujourd’hui, Abdessamad Lamramri, a Parliamentary Adviser and the Deputy General Secretary of the Moroccan National Union for Work (Well-known under its French acronym UNTM), said that “the reform of the pension system in Morocco is overdue.”

“In the last three years, the delay of the reform has cost no less than 10 billion dirhams,” the man further said.

“This money was pumped by the government to avoid that the Moroccan Pension Fund goes bankrupt,” Lamramri stressed.

“This amount is astronomical taking into account that three years is such a short time,” Lamramri stressed.

“The public should know that 10 billion dirhams represents the budget the Ministry of Interior allocated to the 12 regions of the Kingdom for the whole 2015-2021 period.

“We should recall also that the reform was already ready since 2010 but has been delayed due to political calculations.

“Curiously, those who wanted to make the reform [in 2010] did not win the elections thereafter [2011 early elections that came as a result of public protests as part of the Arab Spring].

“The government could simply do the same and bury the reform for the next few months before next October’s parliamentary elections,” but this will atrophy the situation, Lamramri said.

The Moroccan Times.