BAKU, Azerbaijan, April 12
By Tamilla Mammadova – Trend:
The volume of pension fund's assets in Georgia amounted to 1.37 billion lari ($401.13 million) as of April 12, 2021 in Georgia, Trend reports via Georgian Pension Fund.
As reported, of this amount accrued pension benefits reached 140 million lari ($40.9 million).
Pension assets are placed in Georgian commercial banks and the effective annual interest rate totals to 10.7 percent.
Some 65 percent of pension assets are placed in certificates of deposit (CD) and term deposits, while 35 percent - on current accounts.
To date, 765 people have benefited from the accumulative pension. Among them: on the basis of reaching retirement age – 323 participants, on the basis of moving abroad for permanent residence - 1, on the basis of the status of a person with disabilities -321, and 120 persons exercised the right of an heir-at-law.
The total number of registered citizens for the Pension Fund totals 1.13 million, the number of private organizations is 74,646.
---
Follow the author on Twitter: @Mila61979356