Economy
Posted:
4 years ago
Goga Melikidze: Yield on Pension Assets Exceed Annual Inflation 2.3 Times
The yield on pension assets exceeds the annual inflation 2.3 times, Goga Melikidze, a senior officer of the Pension Agency’s Investment Board noted.
“We have placed pension assets into the instrument with an annual effective 11.1% and the figure exceeds the annual inflation 2.3 times (4.8% as for August, 2020) and the GEL profitability indicator 1.3 times”, Goga Melikidze noted. Pension savings have already earned yield of GEL 79.5 million, he added. Every month more than 9,000 citizens join the contributory pensions scheme, the Pension Agency officials noted.