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Tag Archives: Pension

Contributory Pension System will not Burden Business Sector

Essence of Contributory Pension Reforms

Government of Georgia plans to launch contributory pension reforms in the second half of 2018. The scheme of the reform is as follows – all citizens will be involved in the pension scheme, who take salaries under signed labor contracts. The system comprises partly  obligatory component. Citizens over 40 years …

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Essence of Contributory Pension Reforms

Essence of Contributory Pension Reforms

Georgia  to Launch Pension System reformation in 3Q18. Government of Georgia plans to launch contributory pension reform implementation in the third quarter of 2018. Ministry of Economy has already published the corresponding bill. If the system comes into force, the special pension fund will manage the mobilized funds, accrue interest …

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Life Goes On – Additional Source of Income for Pensioners

pensioners Georgia

Life Goes on” is Georgian Dream’s promise to the pensioners. The coalition will hold presentation of the program in the coming days and it envisages pensioners employment and tax benefits for the companies that employ pensioners. “This does not imply raise of social benefits of any pension. This is extra …

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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 …

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Georgia Reviews Plan of Pension Reform In Terms of Inflation

Covering the basic needs of the retired persons in terms the inflation will require indexation, and new accumulation component will be added, – the Government will review the report on conducted work and the action plan of reform of pension system. The Prime Minister said that this is the most …

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