Moroccan parliament to abolish retirement pensions for MPs

Moroccan parliament to abolish retirement pensions for MPs

Parliament speaker and heads of parliamentary groups agreed to scrap the pension system for MPs, which is on the verge of bankruptcy and has been a hot topic in the media.

MPs retirement fund has been suffering from chronic deficit since 2017 that led to a halt in pension payments.

Moroccan MPS receive 35,000 dirhams ($3800) monthly in addition to expenses and after the termination of their term they start receiving tax-free 5000 dirhams monthly.

Only head of the group of the Islamist PJD party defended keeping the retirement fund and drew criticism online for what many observers perceive as a rent seeking mentality.

Authenticity and Modernity Party, an opposition political party, suggested donating the remaining cash in the MPs retirement system to the special fund created to support the economic and vulnerable social groups in the wake of the coronavirus pandemic.

Abolishing the retirement of MPs will pave the way for similar measures to end unnecessary expenditure and make politics a matter of serving the public’s best interests instead of enrichment seeking.

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