Moroccan Minister of Finance Addresses Pension System Reform in Parliamentary Session

In the weekly oral questions session held on December 30, 2024, at the House of Representatives, Minister of Economy and Finance Nadia Fettah Alaoui provided a comprehensive response to lawmakers’ inquiries regarding pension system reforms, reiterating the government’s commitment to finding sustainable solutions to this crucial issue that affects a wide segment of the population.

The minister confirmed that starting from January, the government would present an initial proposal for reforming pension systems in both the public and private sectors. She explained that the reform would focus on improving governance, which would lead to the development and sustainability of the system. Fettah Alaoui also mentioned that the government had previously discussed the foundations of this reform during past rounds of social dialogue, focusing on improving retirement conditions for workers across various sectors.

Regarding the timeline for social dialogue, the minister emphasized the government’s commitment to fulfilling its promises. She highlighted that the strike law had been approved by the House of Representatives, representing part of the government’s efforts to make progress on labor issues.

In response, one of the female lawmakers sharply criticized what she described as “empty promises” made in the past. She demanded clarity and transparency regarding the financial deficit facing the pension funds, urging the government to find innovative solutions to protect the working class from the financial burden of increasing retirement age or contribution rates.

The lawmaker also noted that past measures had led to a rise in unemployment, warning that young people could be deprived of job opportunities due to these policies. She called for social justice between the public and private sectors, stressing that the wage gap between the two sectors had become unacceptable, with some employees in the private sector earning exorbitant salaries while their counterparts in the public sector suffered from low wages.

source : fesnews media

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