The studies are done. The funds are draining. The reform is going nowhere — until the next government. Morocco’s pension reform will not happen under the current government. According to multiple concordant sources speaking exclusively to 24SAA, the Akhannouch administration has no intention of ratifying a pension reform bill during its current term — and is instead steering the file toward the shelves that the next government will inherit.
The most telling sign: no discussions have yet been initiated around the Caisse Marocaine des Retraites — Morocco’s largest pension system, which manages civil servants’ retirement funds. Without even opening that file, any prospect of finalizing reform proposals remains postponed until further notice.
Committees that have met so far have, in the government’s own words, done nothing more than “examine the situation” — a framing that has served to delay reform rather than advance it.
— 24SAA sources · Exclusive
Waiting for the unions. Watching the clock.
The government’s stated position is that it will not move forward on any phase of reform without the full involvement and approval of trade unions. That condition — however politically understandable — has functioned as a brake. The studies exist. The government has accumulated extensive research on every pension scheme. What it has chosen not to do is act on them.
The result: agreement on reform scenarios and their translation into draft legislation has been pushed back to the next government — which, according to 24SAA’s sources, will have no choice but to move fast. Several pension funds are already in a state of continuous reserve depletion, and the longer the reform waits, the harder the landing.