This week the report by the Pension Agency was introduced by its Director, Giorgi Danelia, along with the statistical data of the Agency, and answered the questions at the Parliamentary hearing of the report of the Budget and Finance Committee.
“The data from the Pension Agency is positive despite the pandemic, though the problem lies in the high inflation, which means that the inflation “absorbs” those positive outcomes that are related to the profitability of the Agency”, - the Chair of the Budget and Finance Committee, Irakli Kovzanadze stated during the discussion of the 6-month report for 2021 by the Pension Agency.
Let’s look at the figures: More than 5000 employers and 60 000 employees have joined the e-system during the accounting period and total participants constitute 1 ml. 200 thousand persons. As to the outcomes, as of June 30, 2021, the number of persons in the system constituted 166 thousand 737, and the total funds constituted 1 bl. 550 ml. 400 k. GEL, including the accrued interest – 173 ml. GEL. More is in our exclusive interview with Olivier Rousseau, Chairman of the Investment Board of Georgia’s Pension Agency.
