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Pension Fund Brought Benefits Of GEL 400 MLN To Its Beneficiaries - Agency

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Natia Taktakishvili
10.11.22 13:00
335
The Pension Agency publishes a report for October. According to the report, as of November 9, 2022, the value of total pension assets has totaled to GEL 2.78 billion.

As of the agency, the net amount of pension savings made up GEL 397 million.

The number of beneficiaries in the pension scheme amounts to 1.337 million people. To date, 2,701 persons of different categories have benefited from the cumulative pension, and the amount paid to them is GEL 6,698,273.

According to the Investment Portfolio Report, the pension fund's net earnings were 38.8% from 2019 to October 2022, while real earnings (adjusted for inflation) were 1.4% over the same period.

The pension fund started buying USD from March 2022, and as of October 31, 17.5% of the investment portfolio is placed in USD, and 82.5% in GEL.