Georgian Pension System

Georgian pension system overview

The Georgian pension system combines a public state pension with a mandatory funded pension scheme. This makes Georgia a useful profile for comparing tax-financed old-age benefits with work-linked funded pension saving.

The pension system in Georgia should be read as layered. The state pension provides a public old-age benefit, the funded scheme builds individual retirement assets, and targeted social assistance supports vulnerable households.

State pension and funded pension scheme

The state pension is established in Georgia’s law on state pensions and is financed from public resources. It is not calculated from an individual funded account.

The funded pension scheme is different. Pension Agency materials describe participation and contributions in a funded scheme, meaning that employment and accumulated assets matter for this layer.

AI-generated editorial image of Tbilisi civic skyline for the Georgian pension system — Georgia combines a state old-age pension with a mandatory funded pension scheme for covered workers.

Georgia’s law on social assistance establishes a framework for fair and targeted support. The living allowance is monetary social assistance for deprived families identified through the evaluation system.

This should be separated from the pension system. A household can be eligible for social assistance because of vulnerability, while state pension and funded pension rules answer different questions.

Contributions, benefits and portability

Funded pension contributions are tied to participation in the pension scheme. The eventual funded pension depends on accumulated assets and the scheme rules.

The state pension and social assistance are public benefits. Readers with cross-border residence or work histories should check official rules before assuming that foreign periods affect eligibility.

What readers should check next

Readers should identify whether they are covered by the funded pension scheme, confirm state pension eligibility, separate targeted social assistance from retirement saving and use the Pension Agency and Matsne legal sources for current rules.

Public pillars

State pension

A public old-age pension established by law and financed from public resources.

Targeted social assistance

Means-oriented social assistance for deprived families under Georgia's social assistance law.

Private and occupational pillars

Mandatory funded pension scheme

A funded pension scheme for covered workers with contributions credited to participant accounts.

Benefit basis

Contributory vs social assistance pensions

Contributory / work-linked

Mandatory funded pension scheme

Basis: Work-linked funded pension saving based on participant, employer and state contributions under Georgia's funded pension framework.
Eligibility: Participation and benefit access depend on funded pension scheme rules, employment status and accumulated pension assets.
Funding: Contributions from participants, employers and the state as defined by the funded pension scheme.
Note: This is the work-linked funded pillar and should be separated from the state pension.

Social assistance / means-tested

State pension and targeted social assistance

Basis: The state pension is a public old-age benefit, while targeted social assistance supports deprived households through means-oriented rules.
Eligibility: The state pension law establishes old-age pension rights, while social assistance depends on vulnerability assessment and legal criteria.
Funding: State budget financing rather than individual account accumulation.
Note: Georgia's state pension is age/residence based, and targeted social assistance is a separate poverty support layer.

Profile details

Eligibility: State pension eligibility follows public old-age pension rules; funded pension benefits depend on participation and account accumulation; targeted assistance depends on vulnerability.
Retirement age: Georgia's state pension law should be checked for current entitlement rules; public summaries commonly distinguish age 65 generally and age 60 for women.
Contributions: The funded pension scheme uses contributions from participant, employer and state sources under the Pension Agency framework.
Benefits: The state pension is a public cash benefit. Funded benefits depend on accumulated assets, while targeted social assistance is household-vulnerability based.

Tax and portability

Tax treatment: Tax treatment depends on Georgian law and on whether the payment is state pension, funded pension or social assistance.
Portability: International portability should be checked with the relevant Georgian authorities because state pension, funded accounts and social assistance have different rules.

Sources

About Pension Scheme Pension Agency of Georgia government source - pensions.ge
On State Pensions Legislative Herald of Georgia government source - matsne.gov.ge
On Social Assistance Legislative Herald of Georgia government source - matsne.gov.ge