In financial year 2021, the CIMR recorded a balance of technical provisions (contingency reserve plus mathematical provision relating to capitalization and overdue and unpaid benefits) of 72,953 million dirhams, compared to 67,020 million dirhams, thus marking a an increase of 8.9% compared to 2020. The operating surplus amounts to 5,957 million dirhams, i.e. an increase of 25.1%.
The CIMR recorded during the same financial year an operating surplus of 5,957 million dirhams in 2021, compared to the same period of the previous financial year which recorded a result of 4,762 million dirhams, thus realizing an increase of 25.1%.
At the end of 2021, the products of nets assets amounted to 3,421 millions of dirhams against 2,045.54 million dirhams in 2020, recording an increase of 67.3%. The CIMR portfolio is estimated, as of December 31, 2021, at 83,896 million dirhams in market value.
In addition, the year 2021 was in turn marked by the consequences of the Covid-19 pandemic, which hit a large part of the world and damaged the international and national economy.
The impacts of this crisis for the CIMR were manifested mainly through the reduction in the rate of evolution of new company memberships and new employee affiliations due to the decline in economic dynamics and the reduction in contributions due to the decrease in the evolution of the wage bill and the temporary suspensions of memberships by companies particularly affected by the crisis, among other things.
The projection of the contingency fund carried out within the framework of the actuarial balance sheet meets the two sustainability criteria set by the management charter. The fund is thus constantly positive over the projection period and the projection curve rises at the end of the projection period.
Similarly, and according to a press release from the fund, the CIMR respects the sustainability criteria set by Law 64-12 as well as by the Circular of the President of ACAPS of March 04, 2019 relating to the control of private law pension organizations. . The results of the actuarial report have been certified by the independent actuarial firm Mazars Actuariat.
It should be recalled that the Board of Directors of the CIMR, meeting on December 22, 2021, reiterated its support for members suffering from the repercussions of the COVID-19 crisis, by putting in place new aid measures allowing them to regularize their payment status.
As such, members whose turnover for the 2020 and 2021 financial years has experienced a drop of 20% or more compared to the turnover for the financial year 2019 multiplied by 2 will benefit from a reduced interest rate of 5% for contributions for the years 2020 and 2021 and taking into account a maximum payment period of 48 months from April 2022.