The retirement reform in Morocco between ustainability and equity: case of the CNSS

Abstract

The management of pension plans is becoming a subject of concern for several countries, in fact, the foundations of current plans have shown their limits, the situation of several plans has become vulnerable. Morocco is no exception, the sustainability of its pension plans is threatened, thus, and through several studies and reports, several reform avenues have been examined, but the main question remains the following: If the various reform scenarios studied ensure an advantage to the assets contributing to the pension plan?

In reality, the pension reform presents a double challenge, the need to ensure, at the same time, the sustainability of the plan, and to provide an advantage and equity between the contributing assets. That said, any pension reform, and mainly the parametric one, has a direct effect on the contributing assets, in particular in the event of a revision of the contribution rate and the raising of the retirement age......

This article aims to collect the opinions of active contributors, and to evaluate their commitment to a parametric reform of the private sector pension plan managed by the National Social Security Fund, starting from a quantitative methodological approach and a post-positivist epistemological positioning, we questioned 300 active insured contributing to the plan, through a questionnaire comprising 20 questions, the results obtained confirm the knowledge of the assets on the vulnerable situation of the plan and the challenges to overcome, as well as their predisposition to a parametric reform acting mainly on the contribution rate provided that the retirement age is maintained and the level of pensions is raised.

Keywords: retirement, sustainability, reform.

JEL Classification: J26

Paper type : Empirical research