The Health Care and Social Issues Committee reviewed the 2025 Activity Report of the LEPL Georgian Pension Fund, together with its financial statements prepared in accordance with IFRS and IPSAS standards.

The documents were presented by the Acting General Director of the Georgian Pension Fund, Giorgi Chichinadze.

According to the presenter, 2025 was a year of significant institutional transformation and sustainable growth for the Georgian Pension Fund.

He noted that by the end of 2025, the net value of the Fund’s assets had exceeded GEL 8.2 billion, representing an increase of GEL 2.2 billion compared to the previous year.

“The growth in assets was driven both by increased pension contributions from participants and by strong investment performance. During the reporting period, investment profits reached a historic high of GEL 796 million, while cumulative investment income generated since the Fund’s establishment exceeded GEL 2.2 billion”, - Giorgi Chichinadze stated.

According to his report, more than 125,000 new participants joined the system during 2025. By the end of the year, the total number of registered participants had surpassed 1.7 million, while total pension contributions amounted to GEL 1.44 billion. In 2025, pension and pension asset payments totaling GEL 62.8 million were disbursed to 11,367 beneficiaries.

The presenter further noted that 2025 was one of the most successful years for the Fund’s investment activities.

“The Georgian Pension Fund’s nominal annual return reached 11.8 percent, while its real return amounted to 7.6 percent. In 2025, investments made by the Fund in local corporate bonds exceeded GEL 100 million, accounting for approximately one-fifth of all domestic bond issuances during the year. The Fund continued to participate actively in primary auctions of Georgian government securities and further strengthened cooperation with international financial institutions. The international equities portfolio also delivered strong results, generating returns of more than 20 percent”, - Giorgi Chichinadze stated.

He also noted that amendments to the Law of Georgia on Funded Pensions entered into force on 1 May 2025, significantly simplifying the process of declaring, administering, and paying pension contributions. As part of the reform, pension contribution declarations were integrated into the income tax declaration system.

According to the presenter, the reporting period was also important in terms of developing monitoring and enforcement mechanisms. Automated monitoring and sanctioning mechanisms for pension contribution obligations were introduced, significantly improving the efficiency of the system, enhancing the protection of participants’ interests, and strengthening employer compliance.

The Health Care and Social Issues Committee positively assessed the report.

“It is particularly important that more than 125,000 new participants joined the system during 2025. It is encouraging to see growing public confidence in the Pension Fund”, - stated the Chair of the Committee, Zaza Lominadze.