კონფერენცია

∘ Shota KARALASHVILI ∘
THE ROLE OF THE NATIONAL BANKS OF ESTONIA AND GEORGIA IN THE MANDATORY FUNDED PENSION SCHEME

Summary

Pension Reform is a most important part of Development. In the European post soviet countries, the Pension Systems are based on the three pillar schemes. Unfortunately, until 2018, the Pension System of Georgia included only one pillar scheme. In 2018, the Government of Georgia initiated and implemented Pension Reform.

The Mandatory Funded Pension Scheme, which was added in the Pension System of Georgia, is connected to the European models. But, there are some differences between, for example Estonian model and Georgian model. Between The Estonian funded pension act and the Georgian funded pension act are some fundamental differences.

According to the above mentioned, the one of difference between Estonian and Georgian pension system is the role of the National Banks of Estonia and of Georgia in the mandatory pension scheme.

Keywords:National Bank, Financial Inspection, Accountability, Control, Mandatory Funded Pension Scheme.

Ivane Javakhishvili Tbilisi State University Paata Gugushvili Institute of Economics International Scientific C O N F E R E N C E S "ECONOMY – XXI CENTURY"

E ISSN 2587 - 4691	∘ Shota KARALASHVILI ∘ THE ROLE OF THE NATIONAL BANKS OF ESTONIA AND GEORGIA IN THE MANDATORY FUNDED PENSION SCHEME Summary Pension Reform is a most important part of Development. In the European post soviet countries, the Pension Systems are based on the three pillar schemes. Unfortunately, until 2018, the Pension System of Georgia included only one pillar scheme. In 2018, the Government of Georgia initiated and implemented Pension Reform. The Mandatory Funded Pension Scheme, which was added in the Pension System of Georgia, is connected to the European models. But, there are some differences between, for example Estonian model and Georgian model. Between The Estonian funded pension act and the Georgian funded pension act are some fundamental differences. According to the above mentioned, the one of difference between Estonian and Georgian pension system is the role of the National Banks of Estonia and of Georgia in the mandatory pension scheme. *Keywords:*National Bank, Financial Inspection, Accountability, Control, Mandatory Funded Pension Scheme.