Minister Youness Sekkouri: Broad reform of CNSS retirement system will take into consideration financial and social aspects

Minister of Economic Integration Small Businesses, Labor and Competencies, Mr. Youness Sekkouri has revealed that MAD 75.31 million will be allocated annually to the insured under the CNSS who have been affected by the implications of Covid -19 pandemic.

In a statement made on the occasion of May 1, Minister Sekkouri has highlighted that the funding cost for this operation will take into consideration a broad reform of the CNSS retirement system. He made clear that there will be a reviewing of wages calculation for the CNSS beneficiaries especially those who have been affected and hurt by the Covid – 19 pandemic and eligible for old age retirement, taking into account the period from February 2020 through December 2021, without calculating the situation through which they have been unpaid or have got slashed wages.

Minister Sekkouri has informed that the number of workers hurt by the pandemic who have not received the monthly compensation (MAD 2.000) has reached 81.060 individuals.

Minister of Labor has stressed that the government was committed, within the framework of social dialogue at the level of private sector to increase minimum salary in the industry, commerce and liberal professions by 10%, making clear that this increase will be implemented on two installments, 5% will be paid by September 1, 2022 and the other 5% after endorsing some labor code amendments.

Minister Sekkouri clarified that there will be gradual unification of the minimum salary amid the sectors of industry, commerce, liberal professions and agricultural sector through 10% increase in the minimum salary in the agricultural sector over 2022 and 2023 and 5% during 2024 through 2028 and that family compensations will be increased for the fourth, the fifth and the sixth child to 100 Dirham.

Minister of Labor Sekkouri has confirmed that there will be a gradual unification of the minimum wages by 5% every year in SMAG (for agricultural sector until 2028, in compliance with the strategic green plan, pointing out that any increase scheduled in the minimum wage in the sectors of industry commerce, liberal professions (SMIG) to be added to 5% above mentioned.

Regarding retirement for the elderly in the private sector, the government official has reiterated that retirement pensions will be enlarged for workers from the private sector who still have not reached the condition of 3.240 working days as required by the CNSS.

Minister Sekkouri has made clear that elderly retirement pensions will benefit of reduction from 3.240 working days to only 1.320 working days. As for the current situation, the Minister has stressed the commitment to have at least an accumulation of 3.240 working days in order to benefit from elderly retirement pensions for workers under CNSS system and eligible for retirement.

For those who have not accumulated 3.240 working days under CNSS retirement system, they could recuperate wages contributions even without completing 3.240 working days with the CNSS and could register in optional insurance by proving compulsory registration in the system of 1080 working days at least.