فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
The 11th annual report on financial stability, issued by Bank Al-Maghrib, the Insurance and Social Welfare Supervisory Authority, and the Moroccan Capital Market Authority, revealed a significant increase in Moroccan pension system contributions during 2023.
The report stated that contributions collected by pension systems reached 61.3 billion dirhams in 2023, an increase of 7% compared to 2022. These contributions were collected from 4.8 million contributors.
Pensions distributed to 1.4 million retirees also recorded an increase of 3.5%, reaching 67.2 billion dirhams. Regarding the investments of these systems, they reached 317.4 billion dirhams in 2023, an increase of 2.5% compared to the previous year.
According to the report, these investments consist of 54.6% bonds, 33.6% stocks and social shares, and 10.5% real estate investments, excluding deposits of the long-term branch of the National Social Security Fund with the Deposit and Management Fund, amounting to 64.4 billion dirhams.
Unrealized gains for the three main pension systems (Moroccan Pension Fund – Civil Pension Scheme, Collective Pension Scheme, and Moroccan Interprofessional Pension Fund) increased by 8.9% to reach 21.7 billion dirhams.
The report pointed to a deterioration in the technical deficit of the Civil Pension Scheme, reaching 8 billion dirhams, while the overall deficit of the system amounted to 4.7 billion dirhams. As for the Collective Pension Scheme, it recorded an improvement of 4.4 billion dirhams, with an overall deficit of 317 million dirhams.
Regarding the Moroccan Interprofessional Pension Fund, it witnessed an improvement in its technical balance by 14.6% to reach 4.3 billion dirhams, with an overall surplus of 7.9 billion dirhams.
This report comes at a time when the Moroccan Prime Minister, Aziz Akhannouch, is calling for a “serious and responsible discussion” on pension system reform in the kingdom.
