Mrs. Nadia FETTAH, Minister of Economy and Finance, chaired, Tuesday January 17, 2023 the meeting of the Board of Directors of the Moroccan Pension Fund.
In her opening address, the Minister thanked the members of the Board and the Governance Committees for their efforts to support the Fund in the implementation of its strategic action plan and the improvement of its performance, which contribute to the strengthening of its governance system, particularly following its proceeding to the follow-up supervision.
With regard to the overall reform of the pension plan, the Minister reaffirmed the commitment of the government to accelerate the implementation of this project, together with social and economic partners, with the aim of ensuring the financial sustainability of the pension plan and preserving the rights of affiliates and pensioners.
The Minister further recalled the new measure, adopted under the 2023 Finance Law, relating to the increase in the lump-sum allowance from 60% to 70%. This measure aims at improving the pensions of 171 000 beneficiaries.
The Board also praised the positive indicators associated with the results of the Fund’s action plan and the performance contract concluded with the State, allowing the improvement of its performance and the quality of its services.
After reviewing the meeting agenda, the Board of Directors approved the MPF’s budget and action plan for 2023 as well as all the draft resolutions presented to it.
The session ended with the reading of a message of loyalty and fidelity to His Majesty King Mohamed VI, may God assist him.