The Moroccan National Social Security Fund (CNSS) has announced that May 1st will be the start date for the implementation of old-age pensions, with retroactive payments dating back to each person’s retirement date.
According to the CNSS announcement, starting May 1st and in accordance with Decree 2.25.265, individuals who retired between January 1st, 2023, and the effective date of Law No. 02.24, will be eligible for an old-age pension if they have 1,320 to 3,240 days of insurance.
Benefits will be paid retroactively from their retirement date. The minimum pension amount will range from 600 to 1,000 dirhams ($60 to $100), depending on the number of insurance days accumulated by each beneficiary. These pensions will also include Mandatory Health Insurance (AMO) coverage.
In cases where an insured person with at least 1,320 insurance days dies, their eligible dependents can apply for survivor benefits, the CNSS stated.
Under current legal provisions, retirees who do not meet the minimum requirement of 1,320 contribution days to be eligible for an old-age pension, or their dependents (in the event of death), can request a refund of their contributions and those of their employer.
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Eligible individuals can submit their applications via the “TAAWYDATI” (my compensation) portal or at the nearest CNSS agency starting May 1.
Meanwhile, pursuant to Decree 2.25.266, new measures aim to provide year-round social and medical coverage to share fishermen and their dependents.
The criteria and methods for calculating their social security contribution days, as well as the terms for distributing the total revenue of share fishing vessels, will be defined by an order of the Minister of Economy and Finance, according to the CNSS.
The two decrees – 2.25.265 concerning old-age pensions and contribution reimbursements, and 2.25.266 dealing with the income smoothing of fishermen based on their share – were approved last Thursday by the Cabinet.
This new pension system is part of Morocco’s broader efforts to digitise its bureaucratic systems.
MK/Sf/ac/fss/as/APA