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Photo/ Andrey Okonetchnikov

Private Retirement Scheme Registers only 20 653 Participants with Savings

Private pension schemes have registered 1 022 new participants year on year and total number of participants marked 20 653, up from 19 631 participants since November 2014.

According to the state insurance supervision service, five insurance companies are registered in the private pension scheme, while citizens make savings in only two companies – GPI Holding and Aldagi.

In the reporting period, pension savings rose by 33% to 4.73 million GEL (3.542 million GEL at the end of 2014). In the same period, money withdrawn from pension scheme made up about 2.1 million GEL (1.9 million GEL in 2014).

Total pension reserves of companies make up 18.8 million GEL (15.3 million GEL in 2014), including 13.6 million GEL in Aldagi and 5.2 million GEL in GPI Holding.