Good news for retirees. A consensus emerged this Monday afternoon in the Chamber of Advisors during discussions around this amendment devoted to the tax exemption of retirement pensions, on the sidelines of the committee vote on the 2025 finance bill.
Approved unanimously, the amendment retained, presented by the majority parties and the CGEM, provides for total tax exemption for pensions and life annuities served within the framework of the basic regime, all funds combined (CMR, CNSS, RCAR) .
Also read: Inflation: no revaluation of retirement pensions, according to Mustapha Baïtas
The deployment of this measure will be carried out in two stages, an initial reduction of 50% from January 1, 2025, followed by total tax exemption in 2026. On the other hand, pensions provided within the framework of supplementary pension plans (notably the CIMR) are not affected by this measure.
The tax exemption of retirement pensions will certainly have the effect of improving the purchasing power of retirees, but to varying degrees, particularly between the public and private sectors. Note in this respect that the average retirement pension provided by the CNSS (private sector) is 1,924 dirhams compared to 4,861 dirhams at the RCAR (public companies and local authorities) or 6,875 dirhams concerning the civil pension system of the CMR (sector audience). “Among the causes of this unfavorable situation for CNSS policyholders, there is the ceiling of the contribution base which also serves as a ceiling for liquidation of the old age pension and which has remained frozen at 6,000 dirhams since 2002.», the CESE recently reminded us in yet another report devoted to pension reform. A reform that is still awaited.
