Rabat – The Board of Directors of the Moroccan Pension Fund (CMR) met on Thursday in Rabat, under the chairmanship of the Minister of Economy and Finance, Nadia Fettah.
In her opening speech, Ms Fettah stressed that the government remains committed to addressing the reform of the pension sector within the framework of a two-pillar system (public and private), while strengthening the governance of this system in a consensual manner to ensure its sustainability and durability, while preserving the rights of affiliates and retirees, a CMR statement indicates.
She also noted the positive impact of the increase in civil servant salaries, within the framework of social dialogue, on the financial balance of the civil pension scheme, which provided it with additional financial resources, thus delaying the depletion date of its financial reserves by 3 years, i.e., 2031 instead of 2028.
Thus, she recalled the decision to permanently exempt retirees from income tax, a measure that will allow for the improvement of pensions for more than 150,000 beneficiaries of civil and military pension schemes, confirming the interest shown by the government in this category of citizens.
On this occasion, she welcomed the implementation of the recommendations resulting from the self-assessment of the work of the Board of Directors and its committees, while thanking the members of the Board and the committees for the efforts made to strengthen the institution's position in the national social protection system.
During this meeting, the Board of Directors took note of the positive balance sheet of the execution of the CMR's action plan and its commitments included in the programme contract signed with the State, the execution rate of which reached 87% in 2024, with the achievement of most of the strategic objectives defined, in accordance with the established performance indicators.
The Board also examined the Fund's new strategic vision for the 2025-2027 period, which aims to confirm the role of the CMR as a reference actor for an innovative, agile, and sustainable public pension system.
This strategy, based on four main axes, aims to redefine the customer experience according to an innovative and omnichannel Client-Centric approach, to consolidate the Fund's position as a committed and innovative institutional investor, and to strengthen the culture of performance and operational excellence as well as its commitment to good governance and social responsibility.
To concretise these strategic orientations, the CMR will rely on three essential Enablers: the development of skills and collective intelligence, innovation and new technologies to improve the quality of services, and close cooperation with its national and international partners.
At the end, the Board approved the Fund's strategic action plan for the 2025-2027 period, the Fund's budget and its action plan for the year 2025, as well as all draft decisions.
This article Rabat: The CMR holds its board of directors meeting first appeared on MAP Express.