Evaluation and Measurement of the Internal Performance of the Civil Regime of the Moroccan Pension Fund

The civil pension scheme of the Moroccan pension fund is ‘Bismarkian', contributory and mandatory. This pay-as-you-go system finds its foundation in social justice and intergenerational equity. The evaluation of the sustainability and viability of this scheme can not be carried out solely by the financial component, even if this criterion is essential to ensure the confidence of the affiliates. It also requires consideration of other criteria to ensure its ability to meet its commitments and achieve its objectives. This paper proposes to analyze and evaluate the internal civil regime performance of the Moroccan Pension Fund (CMR) based on the identification and measurement of indicators of three main parameters: generosity, equity, and the inter and intra generational redistribution.