Georgia Pension Guide 2026

Overview — No State Pension System

Georgia abolished its mandatory social security system in 2008, which included the state pension system. There is no pay-as-you-go state pension, no guaranteed state retirement income, and no mandatory pension contributions. The government provides a small universal pension (approximately GEL 200–300 per month) to all citizens over age 65, funded from general taxation rather than payroll contributions. This universal pension is not linked to previous earnings or contributions — it is a flat-rate social assistance payment. For most Georgians, private savings, investments, and family support are the primary means of funding retirement.

Voluntary Funded Pension Scheme (2018)

Georgia introduced a voluntary funded pension scheme in 2018 to encourage retirement savings. Key features of the scheme:

• Employee contribution — 2% of gross monthly salary (voluntary, opt-in basis)
• Employer contribution — optional, some employers offer matching contributions
• State contribution — the state matches the employee's 2% contribution (up to GEL 200 per month)
• Total contribution — up to 4% of salary (2% employee + 2% state) plus optional employer match
• Investment — funds are managed by licensed private pension funds overseen by the National Bank of Georgia
• Retirement age — 60 (funds may be withdrawn as lump sum or annuity)
• Opt-out — employees can opt out of the scheme during annual opt-out windows

Universal Pension (Social Assistance)

All Georgian citizens aged 65 and over receive a universal pension (also called the basic pension). As of 2026, the amount is approximately GEL 200–300 per month. This is not contribution-based — it is paid from general government revenue. The amount is adjusted periodically for inflation but is not designed to provide a comfortable retirement. It serves as a basic income floor for elderly citizens. There is no means-testing — everyone over 65 receives the same amount regardless of other income or assets. Foreign residents who are not Georgian citizens do not qualify for the universal pension.

Retirement Planning for Expats & Investors

For expatriates and international investors residing in Georgia, retirement planning should focus on private arrangements. Georgia's territorial tax system means foreign pension income (from state pensions, private pensions, or retirement accounts in other countries) is exempt from Georgian tax. This is a significant advantage for retirees who relocate to Georgia while receiving pensions from abroad. Additionally, Georgia's 0% dividend tax (up to GEL 100K), 0% CGT on foreign assets, and absence of wealth and inheritance taxes make it an attractive retirement destination for internationally mobile individuals.

FAQs

Do I get a state pension in Georgia if I work and pay tax?

Georgia does not have an earnings-related state pension. The universal pension (GEL 200–300/month) is paid to all citizens 65+ regardless of tax contributions. Foreign residents generally do not qualify for the universal pension.

Can I join the voluntary pension scheme as a foreigner?

Yes, the voluntary funded pension scheme is open to all employees working in Georgia, including foreign nationals. You can opt in through your employer. The state matching contribution also applies to foreign participants.

What happens to my pension savings if I leave Georgia?

You can withdraw your accumulated pension savings (your contributions plus investment returns) if you permanently leave Georgia. The state matching portion may be subject to forfeiture if you leave before retirement age, depending on the scheme rules.

Disclaimer

This guide provides general information about Georgian pensions for the 2026 tax year. Pension laws, contribution rates, and benefit amounts may change. Always consult with a qualified Georgian financial advisor or the National Bank of Georgia for advice specific to your situation. InvestmentKit does not provide pension advice.