Supplementary Pension: Plan Members Up 53.9% in 2019 (ACAPS)

Supplementary Pension: Plan Members Up 53.9% in 2019 (ACAPS)
Monday 4 January 2021 - 14:05

The number of plan members of the Moroccan Inter-professional Pension Fund (CIMR) and the Collective Retirement Allowance Scheme (RCAR-RC) has reached 14,300 in 2019, up by 53.9% compared to the year before, according to the Insurance and Social Security Supervisory Authority (ACAPS).

This increase is mainly due to the increase in the number of CIMR plan members of the CIMR, which rose from 1,959 to 6,729, the ACAPS underlines in its annual report on the social security sector.

The number of CIMR members, which represents 96.8% of all members, has reached 13,900, an increase of 56.4%, according to the same source.

The report also shows that companies operating in the trade sector represent 41.9% of private sector companies belonging to the CIMR, followed by those operating in manufacturing industries (15.1%) and services (13.5%).

Among the companies affiliated to the CNSS, those operating in the financial and insurance activities have the highest proportion of companies adhering to a supplementary pension with the CIMR with a rate of 11.4%, ahead of those in the industrial and manufacturing sectors (6%) and commerce (4.7%).

This proportion reached a share of 2.8% in 2019 compared to 2.9% a year earlier, the source added.

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