Economy and Finance Minister Fouzi Lekjaa confirmed that the planned increase in Morocco’s minimum retirement pension will be entirely financed by the state budget, without placing any additional burden on the country’s pension funds.
Speaking on the 2M TV Channel, Lekjaa said the progressive rise of the minimum pension to 3,000 dirhams per month by 2031 will benefit around 500,000 retirees at an estimated annual cost of about 3 billion dirhams.
“This cost will not be borne by the retirement funds. It is a social choice,” he stated.
The 2027 budget provides for an initial increase to 1,700 dirhams starting in January 2027, as the first step toward the 3,000-dirham target.
By funding the measure directly from the state budget, the government aims to improve the living standards of the lowest-income pensioners while protecting the financial equilibrium of the various pension schemes.
Lekjaa also indicated that the broader structural reform of the retirement system is moving from technical consultations to decision-making.
“We will present the reform as quickly as possible. We are moving to decisions,” he said, while reassuring affiliates that acquired rights will be preserved.
The minister noted that solutions for retirees already receiving more than the future minimum of 3,000 dirhams are still under review as part of efforts to strengthen the overall sustainability of the system.
