The public employees in various government sectors, territorial groups and public institutions had a cut of 14 per cent of their monthly wages, in accordance with the requirements of Law 14.71, as it was formerly only 10 per cent.
This law was adopted under the government of Abdellah Benkirane, and came into force in mid-2016. It included a gradual increase of 10 per cent to 14 per cent in the salaries’ cuts (as retirement fees) to meet the deficit of the Moroccan Pension Fund and would, and it will remain 14 per cent.
The implementation of this fourth and final cut has angered the public workers. They expressed their anger on the social media. The public servants are more than 600,000, especially those with medium wages. In fact, the cut-off rate ranged between 30 dirhams and 400 dirhams (between $ 3 and $ 40), according to the level and grade of the public workers and the government sector.
Experts say that the problem is that this reform will not solve the crisis of the Moroccan Pension Fund, because the problem Morocco is structural and linked to the decline of demographic factors, as the number of retirees is constantly increasing compared with shareholders.
The number of contributors whose salaries are deducted in order to cover the retirement pensions, is not high enough. However, the low pace of public employment in Morocco makes this factor stable at the present time of about 4.9 employees in return for one retiree, which is expected to reach only 2 employees in the next decades.
To address this dilemma, the authorities are thinking of a comprehensive reform of Morocco's pension schemes with their four funds. In fact, two poles will be adopted, one for the public sector and the other for the private sector, with new measures related to deductions, retirement age and pension terms.
#Morocco #anger #public_sector #wage_cuts #pensions
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