According to Foresight Investment Group Director Rati Morchiladze, the successful experience of Sakaeronavigatsia has created a practical foundation that now makes it significantly easier for companies interested in private pension schemes to implement them. He discussed the issue during an interview on “Business Morning,” highlighting that the market is becoming more structured and accessible.
The Georgian Business Association hosted a thematic meeting focused on the practical importance of private pension schemes. A key part of the discussion was the experience of Sakaeronavigatsia, which is considered the pioneer of private pension schemes in Georgia. The scheme’s assets are managed by TBC Asset Management, BOG Asset Management, and Foresight Investment Group.
Morchiladze emphasized that Georgia’s pension system now effectively consists of three pillars: a state social pension, a cumulative pension fund exceeding 8 billion GEL, and emerging private pension schemes. He noted that while earlier versions existed in limited form, Sakaeronavigatsia’s model—developed under the updated legal framework effective from 2026—represents the first fully structured and successful example. By the end of 2025, the scheme had reached 57 million GEL in assets for around 600 employees.
He added that the main challenge now is increasing awareness and encouraging more companies to participate. According to Morchiladze, the legal and operational framework is already in place, meaning businesses no longer face major structural barriers. He said the next step is forming employer associations that can establish pension schemes, with asset managers providing integrated services, ultimately making the system easier and more scalable for corporate adoption.
