ANALYSE DU RENDEMENT DES REGIMES DE RETRAITE MAROCAINS : UNE APPROCHE PAR CAS-TYPE

Abstract

In this article, the performance of the various mandatory pension funds is analyzed. The impact of differences in contribution and benefit calculation rules on the performance of all the pension schemes is examined. The impact of parametric reform for the CMR’s civilian regime is also analyzed. This analysis is based on simulating the application of the current calculation parameters to a typical case and interpreting the results obtained from the return indicators calculated on the basis of the simulated contributions and benefits of the test case. The indicators analyzed are the recovery time and rate, the internal rate of return and the different types of replacement rate.The interpretation of the results obtained from the indicators concludes that the differences in pension fund returns are due to differences in the parameters for calculating contributions and benefits. In addition, the parametric reform of the CMR’s civilian regime will have a positive impact on the pension scheme performance but in return, a negative impact on the replacement rates of members’ wages which is considered a withdrawal of their social rights. This situation imposes the reform of the retirement system and discusses the various possible options

Keywords

• retirement
• pension plan
• performance indicators