24.Nov .2020 20:00

Assets of the Georgian Pension Fund Have Reached GEL 1.1 Million

Assets of the Georgian Pension Fund Have Reached GEL 1.1 Million
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Assets of the Georgian pension fund have reached GEL 1.1 million. This amount covers the pensions of 1 million citizens.

According to the Pension Agency, the annual effective interest rate is 11.1%.

Pension Agency approved investment policy document in October, which details a process of investing pensions and sets specific demands for the financial instruments to be eligible.
 
Today 100% of pension investments are denominated in GEL. 70.8% of these funds are allocated in Georgian depositary certificates.