06.Mar .2020 17:06

Pension Fund will Spend 283,800 GEL on Freelancers


The State Pension Agency plans to pay salaries of 283,800 GEL to its freelancers during 2020. It is reported from the budget agreed with the Agency's Supervisory Board.

The document, signed by Natia Turnava, chairman of the Supervisory Board of the Pension Agency, Finance Minister Ivane Machavariani and Ekaterine Tikaradze, Minister of Health, envisages allocation of GEL 5 million funding to the LEPL Pension Agency in 2020.

More than 2/3 of the agency's budget is envisaged on salaries of employees. According to the document, the agency employs a total of 63 people.

Other expenses - GEL 80,000 for business travel, GEL 72,000 for Bloomberg investment program, GEL 65,000 for audit services and GEL 240,000 for PR services.

In addition, the salaries of members of the Investment Board are known. Specifically, the annual remuneration for three members of the board is GEL 90,000 and for two members - GEL 54,000.