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Pensions and Pension Reform in Georgia

dc.description.abstractThis paper considers ways in which pensions and their reforms could impact the future economic development of Georgia. It describes the existing pension structure and how this could be built upon to develop a new structure that would both improve the financial position of the current and future elderly and provide a means to achieve broader economic growth. As such, it considers what might be viewed as the normal parameters: the country’s demographics, the cost of pensions and their distribution, and how the present and evolving future structure might resemble the World Bank’s multi-pillar approach. It also considers how pensions fit in with society and how an occupational savings system, such as pensions, can play a role in economic development, following a program of pension reform that goes beyond the normal quandary of how a country can afford pensions. It then makes recommendations for discussion on pension reform in Georgia and how it could achieve these goals.
dc.publisherAsian Development Bank
dc.rightsCC BY 3.0 IGO
dc.titlePensions and Pension Reform in Georgia
dc.typeWorking Papers
dc.subject.expertPublic Financial Management
dc.subject.expertFinancial System
dc.subject.expertFinancial Statistics
dc.subject.adbPension Funds
dc.subject.adbMutual Funds
dc.subject.adbSocial Equity
dc.subject.adbFinancial Aspects
dc.subject.adbFiscal Policy
dc.subject.naturalPension plans
dc.subject.naturalIndividual retirement accounts
dc.subject.naturalEmployee pension trusts
dc.subject.naturalInvestment management
dc.title.seriesADB Central and West Asia Working Paper Series
dc.title.volumeNo. 1
oar.adminregionCentral West Asia Region

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  • Central and West Asia Working Paper Series
    The Central and West Asia Working Paper Series is a forum for stimulating discussion and eliciting feedback on ongoing and recently completed economic, sector, and policy work undertaken by Asian Development Bank (ADB) staff, consultants, or resource persons in the context of the operational work of ADB’s Central and West Asia Department. The series deals with economic and development issues in Central and West Asia, and aims to improve the knowledge of the region’s development and policy challenges, strengthen subregional and country operations, and contribute to national and regional policy dialogue The series is a quick-disseminating, informal publication. The working papers may subsequently be revised and published elsewhere.

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