Morocco : Creation of supplementary income scheme for IER recommendations beneficiaries

An agreement to set-up a supplementary income scheme Inssaf for the beneficiaries of the recommendations of the Equity and Reconciliation Commission (IER) was inked Tuesday in Rabat between the government, the National Human Rights Council (CNDH) and the Caisse de dépôt et de gestion (CDG).

The signing ceremony was chaired by the Head of Government, Saadeddine El Othmani, in the presence of the President of the CNDH, Amina Bouayach, and the Director General of CDG, Abdellatif Zaghnoun.

This scheme aims to allocate income according to age group to a total of 99 beneficiaries of the recommendations of the IER, having entered the public service at an advanced age, not allowing them to receive a suitable pension, the department of the head of government underlines in a release.

This scheme will allow beneficiaries to obtain a complementary pension for life, in addition to the basic pension, which can be transferred to the benefit of the beneficiaries, in order to ensure a basic pension representing 50% of the last salary, for people whose pension does not reach this limit at the retirement age.

The State will bear the total cost of this supplementary pension with a budget of 30 million dirhams, which will be transferred to the National Pension and Insurance Fund (CNRA), while the Council will be responsible for providing the CNRA with the necessary information regarding the beneficiaries, the source added.