Georgia’s Pension Agency has distributed GEL 160 million in pension payments to date, according to Acting Director General Giorgi Chichinadze. Speaking to Business Course, he said pension assets can currently be withdrawn by several categories of beneficiaries, including retirees, persons with disabilities, heirs, and individuals permanently leaving the country.
Chichinadze noted that around 99% of pension withdrawals have been made as lump-sum payments, while approximately 32 individuals are receiving pensions through programmed withdrawals. He added that many eligible retirees have chosen to keep their savings invested within the pension system rather than withdrawing them immediately.
The pension fund currently manages assets worth approximately GEL 9.4 billion and has 1.742 million participants. The accumulated savings continue to grow through employee, employer, and state contributions, as well as investment returns.
According to Chichinadze, the agency is also developing a new digital platform that will allow participants to manage their pension portfolios more easily and transfer assets between investment portfolios when needed. He said technical work is ongoing, with the goal of creating a more user-friendly and functional system for fund members.
