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The Volume of Pension Fund Reached 100 Million GEL

The volume of pension fund reached 100 million Georgian Lari. First Channel was informed about the amount by the pension agency.

Part of the funds are currently on deposits of commercial banks, while part of them on National Bank account.

In the case of the National Bank, the annual interest rate is 6.75%, and commercial banks vary from 5 to 8.5%.

The disbursement of funds will be started after the Pension Agency is composed of the Investment Board.

“These funds are private property, personalized to all the citizens involved in the scheme. Then these funds will be invested in good financial assets. As soon as the Investment Board starts working, the amounts will be placed in diversified packages for the purpose of minimizing risks, “said Levan Surguladze, head of Pension Agency.