PROS AND CONS OF PENSION REFORM- GEORGIAN CASE

Zurab  Mushkudiani; David  Mamrikishvili; Irakli  Gachechiladze

doi:10.35945/gb.2020.09.011

PROS AND CONS OF PENSION REFORM- GEORGIAN CASE

ავტორები

Zurab Mushkudiani Ph.D., Associate Professor, Batumi Navigation Teaching University, Georgia ავტორი
David Mamrikishvili Doctoral student, Georgian Technical University, Georgia ავტორი
Irakli Gachechiladze Master of Business Administration, Tbilisi Open University, Tbilisi City Hall, Georgia ავტორი

DOI:

https://doi.org/10.35945/gb.2020.09.011

საკვანძო სიტყვები:

PENSION REFORM, MONEY ACCUMULATION, STATE BUDGET

ანოტაცია

The paper studies pension reform in Georgia which has been going on since the 1990s, evolving over time and taking a modern look. The axiom is that the pension system in our country needed to be upgraded. The discussion on the current issue has been going on for a long time and the topic does not lose its relevance today. The establishment of a liberal economic environment can be considered as the basis for the accumulation of «accumulated pensions» in our country. Like all recent reforms, there are supporters and opponents of the reform, but unfortunately, for a number of reasons, the public expresses distrust and views the reform as a step backward. It is clear that pensioners› reliance on the basic state pension is a heavy burden for the country›s budget.