Georgian parliament approves law on accumulative pension
The parliament of Georgia approved a law on an accumulative pension system yesterday, which is part of a larger pension reform initiated by the Georgian government.
The government plans to launch a supplementary programme alongside the currently existing universal basic pension which amounts to 180 Gel.
The new programme, the launch of which is planned for the end of the year, will be mandatory for legally employed people under 40, meaning they will be enrolled automatically, and voluntary for people above 40 as well as for self-employed citizens.
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