As of December 31, the value of total pension assets reached GEL 4.4 billion, with total generated funds reaching GEL 856.7 million, the Georgian Pension Agency announced on Friday.
According to the agency’s information, a total of 7,095 individuals across different categories benefited from the cumulative pension, receiving a total of GEL 21,557,544.86 in pension payments.
The number of participants in the pension scheme is one million four hundred seventy-seven thousand people.
The positive figures in the Pension Agency’s report are attributed to the increase in stock prices in global markets in December (+3.1% compared to the previous month). Factors such as high interest rates in Georgia and low inflation levels are noted to positively impact the real balances of the Pension Agency, considering inflation. The total real growth from the beginning to date is reported at 14.8%.
