"Based on our studies we can say that pension is mandatory in other countries as well", Levan Surguladze, the Head of the Pension Agency said.
The Head of the Pension Agency focused on the development of the market of the capital.
“The market of the capital did not develop because there was no investment base of the capital. Now we have an opportunity to create a large-scale investment capital base in the country”, Surguladze said.
The pension scheme is often criticized by the opposition and opponents of the reform because it is mandatory for people under 40 and does not allow them to choose to leave it.