Registration of pension programs in Georgia

Manana Mchedlishvili


The establishment of a proven pension system is on the agenda in our country. which is based on a cumulative scheme.For the successful implementation of the reforms, it is necessary to have a correct pension policy, to complete the pension legislative framework. It is necessary to regulate the rights and duties of employed people, principles of calculation of working days, work experience, income and expenses. For accounting and reporting of pension funds, we must use: International Accounting Standard 19 Employee Benefits and International accounting standard 26 Pension Plan Accounting and Reporting.Pension security programs may exist: defined contribution program and defined payment program.No matter how the financial statements are prepared, their users should be able to compare the pension liabilities with the assets of the pension plan.


actuary, assets, pension program, prescribed payments, rescribed contributions.


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