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Keywords: Pension


Moroccan government revives consultations for a sustainable system

Rabat, July 18, 2025 — Moroccan Prime Minister Aziz Akhannouch chaired a high-level meeting on Thursday in Rabat, marking the revival of national consultations on the country’s long-awaited pension reform. The session was convened as a follow-up to the April 2025 meeting of the High Commission......

Norwegian pension fund cuts ties with firms supplying Israeli military

Norway’s largest public pension fund, KLP, has announced its decision to withdraw investments from two international firms Oshkosh Corporation and ThyssenKrupp over concerns that their products are being used by the Israeli military in Gaza. KLP stated that it acted after reviewing UN reports......

New pension scheme and contribution refunds for retirees

The Caisse Nationale de Sécurité Sociale (CNSS) has announced the implementation of the retirement pension and contribution refunds starting from May 1, 2025, with retroactive effect from the retirement date. According to the provisions of decree 2.25.265, individuals who retire between......

How much do you need to retire comfortably in Spain?

Spain continues to attract many expatriates looking to retire, with its favorable climate, picturesque coastline, and vibrant culture. However, rising living costs, including soaring housing prices, inflation, and increased taxes, have led to concerns about the true affordability of retiring in this......

36% of Moroccans Lack Retirement Plans, Survey Reveals Stark Inequalities in Pension Coverage

A recent survey conducted by market research group Sunergia has uncovered significant gaps in retirement planning among Moroccans, highlighting widespread inequalities in access to pension coverage. The findings reveal that while 59% of Moroccans benefit from employer-provided retirement plans, a staggering......

Morocco's public investment surges to $11.6 billion amid economic reforms and challenges

Morocco's commitment to public investment has shown remarkable growth, with allocations rising from MAD 52.3 billion ($5.1 billion) in 2015 to MAD 119.2 billion ($11.6 billion) in 2023, according to Zineb El Adaoui, First President of the Court of Accounts. In her presentation to parliament's......

Spanish Energy Firm Factorenergia Expands into Morocco with New Joint Venture

Spanish energy retailer Factorenergia has announced the establishment of a 50-50 joint venture with a local partner in Morocco, positioning itself to capitalize on the country’s energy market as it moves towards liberalization. This expansion is part of the company's ongoing international growth......

Morocco Exempts 164,744 Retirees from Taxes in Landmark Reform

Morocco’s 2025 Finance Bill introduces significant tax reforms, offering relief to retirees by gradually eliminating income tax on pensions and annuities. Starting in 2025, retirees will benefit from a 50% reduction in taxes, with a complete exemption slated for January 2026. Government spokesperson......

French Far-Right Party to Back Government Censure Amid Political Tensions

The French far-right party, Rassemblement National (RN), has announced its intent to support a censure motion against the government of Prime Minister Michel Barnier, unless an unlikely "last-minute miracle" occurs. This declaration, made by RN leader Jordan Bardella, underscores growing tensions......