Georgia > Old-age, invalidity and survivors benefit

Georgia - Old-age, invalidity and survivors benefit - Law, Act

Law of Georgia on Funded Pension (N3303-რს). (¿¿¿¿¿¿¿¿¿¿¿ ¿¿¿¿¿¿ ¿¿¿¿¿¿¿¿¿¿¿ ¿¿¿¿¿¿¿ ¿¿¿¿¿¿¿) -

Adoption: 2018-07-21 | GEO-2018-L-110165

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.

Georgia - Old-age, invalidity and survivors benefit - Law, Act

Law No. 5869 of 14 March 2008 to amend the previous Law on State Pension. ("¿¿¿¿¿¿¿¿¿¿ ¿¿¿¿¿¿¿ ¿¿¿¿¿¿¿" ¿¿¿¿¿¿¿¿¿¿¿ ¿¿¿¿¿¿¿ ¿¿¿¿¿¿¿¿¿¿¿¿ ¿¿ ¿¿¿¿¿¿¿¿¿ ¿¿¿¿¿¿¿ ¿¿¿¿¿¿¿) -

Adoption: 2008-03-14 | Date of entry into force: 2008-04-01 | GEO-2008-L-81334

Regulates issues related to pension determination of certain categories of the disabled.

Georgia - Old-age, invalidity and survivors benefit - Law, Act

Law on State Pensions (No. 2442 of 23 December 2005). -

Adoption: 2005-12-23 | Date of entry into force: 2006-01-01 | GEO-2005-L-88317

Chapter I: General Provisions
Chapter II: Granting of Pensions (Basis)
Chapter III: Amount of Pension
Chapter IV: Pension Administration
Chapter V: Granting of Pensions (Rights and Responsibilities)
Chapter VI: Pension Distribution
Chapter VII: Pension Retention
Chapter VIII : Sources of Pension Funding
Chapter IX: Responsibility for Violation of the Law
Chapter X: Transitional Provisions
Chapter XI: Final Provisions

Article 28 repeals the following:
- Law of 2003 on Implementation of Individual Registration and Implementation of Individual Accounts in the Sphere of Compulsory Social Insurance (Official Gazette N21, 15.07.2003);
- Law of 2003 on Compulsory Pension Insurance (Official Gazette N21, 15.07.2003); and
- Law of 2003 on Compulsory Social Insurance (Official Gazette N21, 15.07.2003).

Georgia - Old-age, invalidity and survivors benefit - Law, Act

Law of 30 October 1998 on non-State pension provision and insurance. -

Adoption: 1998-10-30 | GEO-1998-L-70292

Chapter I: General provisions
Chapter II: Types of non-State pensions
Chapter III: Pension fund
Chapter IV: Pension schemes
Chapter V: Pension schemes of banks, insurance companies and other legal persons
Chapter VI: Record of pension schemes founders
Chapter VII: State regulation and stimulation of non-State pension insurance
Chapter VIII: Financial stability of pension schemes founders
Chapter IX: Transitional provisions
Chapter X: Final provisions