Net asset value of Georgian pension fund rated at 2.23 bln GEL
Overall, 1,265,000 people have been registered in the pension scheme as of April 6, with a 318 million GEL ($103mln/€94mln) accrued interest as a result of investment activities. Photo: Nino Alavidze/Agenda.ge
Tweet 
Share
The net asset value of the pension fund in Georgia equals 2.23 billion GEL ($724mln/€664mln), the Pension Agency of Georgia has said in its March 2022 report.
The report also revealed the fund’s net return from 2019 to March 2022 was 34.6 percent, while the real return (considering inflation) reached 3.15 percent in the same period.
The Agency also revealed it had begun buying the United States Dollar currency, with 4.2 percent of its investment portfolio invested in Dollars as of March 31.
Image: Pension Agency of Georgia
Overall, 1,265,000 people have been registered in the pension scheme as of April 6, with a net return since inception amounting to 318 million GEL ($103mln/€94mln) as a result of investment activities.
A total of 1,698 people have benefited from the accumulative pension system, the Agency added. The system came into effect in Georgia in January 2019 and applies to Georgian citizens, foreign citizens living in Georgia with a permanent residency in the country, and stateless persons who are employed or self-employed and receive an income.
It also applies to employees of both the public and private sectors.