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Georgia (108) > Social security (general standards) (12)

Original name: საქართველოს კანონი დაგროვებითი პენსიის შესახებ
Name: Law of Georgia on Funded Pension (N3303-რს).
Country: Georgia
Subject(s): Old-age, invalidity and survivors benefit
Type of legislation: Law, Act
Adopted on: 2018-07-21
Entry into force:
ISN: GEO-2018-L-110165
Link: https://www.ilo.org/dyn/natlex/natlex4.detail?p_isn=110165&p_lang=en
Bibliography: Legislation on-line Legislation on-line Legislation Herald of Georgia PDF of Unofficial English Translation PDF of Unofficial English Translation (DOC.NORMES) (consulted on 2020-08-10)
Abstract/Citation: 1. This Law regulates relations associated with funded pensions.
2. The relations associated with funded pensions shall be implemented independently of the state pension and state compensation.
3. The purpose of this Law is to ensure the management of pension assets within the funded pension scheme, in accordance with the interests of participants.
4. This Law shall apply to:
a) employers;
b) citizens of Georgia, except for non-resident natural persons;
c) aliens permanently residing in Georgia and stateless persons, except for non-resident natural persons;
d) activities related to funded pensions carried out by asset management companies, specialised depositories, commercial banks, insurance companies and other entities.

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