Home
Category
TV Live Menu

• ახალი ამბები ბიზნესში •

Loading data...

Pension Agency Calls Upon the NBG to Urgently Advise on What to do with 25 Million GEL

5c65d73adc15e
BM.GE
15.02.19 00:50
595
Pension Agency asks National Bank of Georgia for the permission to move pension contributions from its treasury to the deposit account of commercial bank.

50 million GEL has been gathered in the pension fund by now, however, since the investment council hasn’t been filled with members yet, there is no policy document on investment. The money was located in the banks on the accounts with nominal ownership, because the agency itself doesn’t have the right for investment.

Yesterday it was announced to the public that the pension agency received confirmation from NBG to move pension contributions from the nominal ownership accounts to bank deposits.

While speaking to bm.ge, Director of Pension Agency, Levan Surguladze stated that approximately 25 million GEL was located on deposits and around 6% of profit will be added to that money.

The rest of pension contributions - 25 million GEL - will be placed on the treasury account. These are the pension contributions of state institutions and public servants. Surguladze stated that no interest rate will be added to the pension contributions placed on the treasury account, thus, it would be better if NBG orders these funds to be moved to bank deposits, the same way as with the other 25 million GEL.

“We have sent the question to NBG and we are waiting for the answer. We also have the money on treasury account and we want this sum to be placed on deposit accounts, because there is no profit added to it on the treasury account. Half of the pension contributions are there and that is exactly why it is of utmost importance that they respond quickly”, - stated Surguladze.