Reform pension systems are problematic at the global level. No retirement system can guarantee its sustainability without being based on solid, harmonious, and consistent foundations in all its dimensions: technical, legal, social, political, and economic. As for Morocco’s experience, pension reform was a problem that had been discussed for many years and created a range of accumulations. The chronology of events shows that thinking about reforming pension schemes is not born today but has passed through a range of stages. This reform defined its rules in a dangerous triple: an increase in retirement age, an increase in the proportion of contributions, and the method of calculation.
Raising the retirement age, according to the Technical Committee on Pension Reform, is an inevitable solution in pension reform, as it achieves a range of positives, but it must not be seen as the magic wand that will resolve the crisis owing to a range of considerations. Other alternatives that are more effective and feasible must also be considered.
As one of the topical issues, and given the stalemate in the Pension Reform Commission, especially as it was supposed to end its work in the past May, besides in the face of the waiting and anticipation of the various workforce for the Commission’s outputs, we have tried to examine this topic according to the latest developments promoted in the arena through a major problem: Is extending the retirement age an unavoidable solution to this crisis? Can’t other alternatives be resorted to?
To address this problem, we will adopt the analytical approach to reveal the positives of such an extension, depending on the Commission’s view of reform, as well as its limitations as a solution that delays and does not resolve the crisis. We will also try to inventory the various alternatives that could be adopted in this reform. We have therefore divided the research into two main axes:
First theme: Raising retirement age: between positives and advantages
The second theme: Is raising the retirement age the solution? Are there no alternatives?