According to the Pension Fund of Georgia, the fund’s total assets surpassed 10 billion lari (approximately $3.8 billion) in September 2026. Of this sum, 7.0 billion lari represented contributions from participants, employers, and the state, while 3.0 billion lari came from the fund’s investment earnings.
As noted in the statement, the Pension Fund has been operational since January 1, 2019. Over the course of its operations, its cumulative nominal return reached 113.8%, while its real return adjusted for inflation stood at 40.5%. In annualized terms, these figures averaged 10.4% and 4.5%, respectively. In terms of real (inflation-adjusted) returns, the Pension Fund of Georgia ranks 4th among member countries of the OECD (Organisation for Economic Co-operation and Development).
“The Pension Fund of Georgia manages three investment portfolios with differing risk profiles, which participants may choose at their own discretion. The balanced (medium-risk) and dynamic (high-risk) portfolios were launched in August 2023. From their inception through August 2026, performance across all three portfolios has remained consistently high:
Dynamic portfolio — cumulative nominal return of 50.9%, real return adjusted for inflation of 34.2% (annualized: nominal — 14.3%, real — 10.0%);
Balanced portfolio — cumulative nominal return of 46.2%, real return adjusted for inflation of 30.0% (annualized: nominal — 13.2%, real — 8.9%);
Conservative portfolio — cumulative nominal return of 41.4%, real return adjusted for inflation of 25.7% (annualized: nominal — 11.9%, real — 7.7%),” the fund’s statement reads.