The average savings of one participant in Georgia’s funded pension system reached GEL 6,386 as of September 2026, up by 24% or GEL 1,247 from GEL 5,139 a year earlier. The system had 1,585,989 participants at the end of September, with total savings reaching GEL 10.1 billion.
Of the total assets, GEL 10 billion belongs to 1,575,635 participants whose savings are automatically placed in the conservative portfolio. As of September, 10,354 participants had switched to balanced or dynamic portfolios.
In the first nine months of 2026, the dynamic portfolio generated the highest return at 8.87%, followed by the balanced portfolio at 8.75% and the conservative portfolio at 8.46%. The conservative portfolio is mainly invested in lari-denominated assets, including bank certificates of deposit and government bonds, while 19.1% is held in foreign-currency assets, mainly international stock indices.
Lari-denominated assets account for 63% of the balanced portfolio and 44.2% of the dynamic portfolio, with the remainder in foreign-currency assets. Under Georgia’s funded pension system, employers and employees each contribute 2% of salary, while the state contributes another 2% from income tax, bringing total monthly contributions to 6% of salary.
