The Caisse interprofessionnelle marocaine de retraites (CIMR) is Morocco’s largest private complementary pension fund. Founded in 1949 — before Morocco’s statutory social-security system was created — it remains a cornerstone of private-sector retirement provision alongside the mandatory CNSS base scheme.
Status and governance
CIMR is a non-profit association regulated by the Dahir of 15 November 1958. It is supervised financially by the Ministry of Finance and, for prudential matters, by the insurance and social-protection regulator ACAPS. Its board brings together representatives of member employers and affiliated workers.
How it works
Employers join CIMR voluntarily, but once a company affiliates, enrolment becomes mandatory for all eligible employees.
The scheme uses a provisioned pay-as-you-go model — current contributions fund current pensions, but large reserves are maintained to back long-term commitments. Contributions are converted into points, which are turned into a pension at retirement using the prevailing point value.
Products and services
Key offerings include:
- the general scheme for employers and their salaried staff;
- a scheme for self-employed professionals (liberal professions, independents, majority managers), marketed as Al Moustaqbal Pro and its successors;
- buy-back options for uncovered past periods;
- survivor and orphan pensions;
- a personal online portal to view accumulated points, estimate a future pension, and download certificates.
Where CIMR fits
Morocco’s retirement landscape combines several schemes:
- CNSS — compulsory base scheme for private-sector employees;
- CIMR — voluntary complementary scheme for the private sector (widely adopted);
- CMR — pensions for civilian and military civil servants;
- RCAR — collective scheme for contractuals and public enterprises;
- Internal schemes of a few large employers (OCP, Bank Al-Maghrib).
Structural reforms to consolidate or align these schemes have been debated for several years.
References
- Official site: cimr.ma
- French Wikipedia article: Caisse interprofessionnelle marocaine de retraites