Georgian Pension Agency’s net asset value at $1.49bln in October

The Pension Agency of Georgia on Monday said assets in its fund were worth ₾4.027 billion ($1.49bln), while net assets amounted to 708 million ($262.73mln).

Publishing the latest figures for the fund as of October 31, the body said 1.45 million people had been registered in the pension scheme.

To date, 6,139 people have benefited from the accumulative pension system, with the amount paid to them standing at ₾17,515,264 ($6,499,728), the agency added. 

The system came into effect 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.