Gia Morchiladze, Chairman of the Pension Agency Governing Board, says that the first task of the board is to work on the draft of the fund's regulations. He told journalists about this at the presentation of the Pension Agency's 2024 activity report. He also said that work will continue on the investment policy document.
"As you know, the Pension Fund Governing Board has been functioning since March 1. The first task that we will now consider is the draft Pension Fund Regulations, which must be approved by May 1. As for the investment policy document, work on it will continue; it can be revised once a year, as needed, and after the Investment Committee of the new Governing Board discusses the amended investment policy document, it will be submitted to the Governing Board for discussion and approval. The process will be transparent and the public will know what changes will be made to it," said Gia Morchiladze.
As for the possible investment of pension savings in infrastructure projects, according to Gia Morchiladze, no discussions are currently underway in this direction.
"Currently, we have neither selected any projects nor are we discussing anything," explained the chairman of the Pension Fund's Governing Board.
He also answered a question about the independence of the new Governing Board. Gia Morchiladze notes that the Board is independent and works in the best interests of the scheme participants.
"I want to assure you that we are independent in our activities and the main task is the successful functioning of the Fund and that the best interests of the Fund participants are taken into account in its work," Gia Morchiladze noted.
