Compulsory pension insurance investment policy in Georgia

Abstract

An important factor of economic development in Georgia is the reform of mandatory pension insurance and its successful investment policy, which started in the country five years ago and is being successfully implemented to this day. Many countries were not able to implement the said reform voluntarily, and Georgia is no exception. The reform has already been able to maximize the number of participants in the pension scheme, create a significant pension assets and multi-billion dollar base of investment capital, and have yielded practical results, which are reflected in the number of beneficiaries, disbursed funds and investment returns. The investment policy reform of the mandatory pension system has a great social impact and is characterized by high public interest. But the challenge is that the implemented large-scale reform requires further deep analysis and the development of mechanisms for sustainable development, which is manifested by the risk management of pension insurance assets, investment policies and obtaining high returns on the pension assets of the participants of investment activities through diversified and financially safe, transparent and reliable investments, Considering the investment and liquidity objectives of the pension system and the reputational requirements for adherence to investment principles.