THE REFORM OF THE MOROCCAN RETIREMENT FUND SYSTEM: A STUDY OF THE CAUSES OF THE CRISIS AND OF THE REFORM SCENARIOS

THE REFORM OF THE MOROCCAN RETIREMENT FUND SYSTEM: A STUDY OF THE CAUSES OF THE CRISIS AND OF THE REFORM SCENARIOS
Mr. Othman Mouden
Wednesday, August 24, 2016
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The GIFT-MENA Governance Working Papers are a series of articles and research papers on state-building and the civil service in the MENA region. The series complements the Network's knowledge exchange platform and seeks to strengthen cooperation ties among member institutions. It falls in line with the knowledge dissemination mission of the network, particularly in what relates to fostering dialogue on state modernization, encouraging the co-production of public policies, and documenting successful regional experiences.    

The debate on the reform of the retirement system in Morocco is not new, and goes back to the late nineties. This study focuses on the Moroccan Pension Fund, considering the fact that the debates pertaining to the crisis in the retirement system have revolved around it. The most prominent reason for this crisis is financing the deficit in the military pension system, but also demographic factors such as rising life expectancy among Moroccans and shrinking fertility rates. This study will address the reform scenarios that have been proposed, including standard and structural reform. 

The GIFT-MENA Working Papers accepts a wide array of articles and papers that are related to the network's scope of work. All submissions for publication, as well as requests for usage rights can be communicated to publications@finance.gov.lb