The challenge of pension reform in Georgia

Non‐contributory pensions and elderly poverty

Bibliographic Data

ID9971439
AuthorsTamila Nutsubidze (Healthcare and Social Issues Committee, Parliament of Georgia Georgia, corresponding author), Khatuna Nutsubidze (Healthcare and Social Issues Committee, Parliament of Georgia Georgia)
Year2017
Volume70
Issue1
Pages79-108
Publication date2017-01-01
Open AccessYes
TypeARTICLE
VenueInternational Social Security Review (JOURNAL)
Journal identifiersISSN: 0020-871X • E-ISSN: 1468-246X
PublisherWiley (PUBLISHER • GB)
DOI10.1111/issr.12129
OpenAlexW2608297168
LanguageEN
Citations received2
References cited11

Georgia's national social security system offers almost universal non‐contributory basic pension coverage. The basic pension has, to date, proved effective in dealing with old‐age poverty. But Georgia's fiscal constraints and ageing population also highlight the importance of improving the pension system, in order to ensure its sustainability. This article presents policy reform choices, which suggest that, in Georgia, pension reform might include increasing the statutory retirement ages and reducing the generosity of benefits through means testing. The case of the Georgian non‐contributory basic pension might hold value for some low‐ and middle‐income countries that are considering the implementation of, or expanding coverage under, a non‐contributory pension programme

Business · Development economics · Economic growth · Economics · Fiscal policy · Fiscal sustainability · Generosity · Labour economics · Macroeconomics · Market economy · Order (exchange · Pension · Political science · Population · Population ageing · Poverty · Public economics · Social security · Finance · Financial Literacy, Pension, Retirement Analysis · Gender, Labor, and Family Dynamics · Global Health Care Issues · Medicine

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