ICC Georgia, largest business organization has criticized new draft law on pension system introduced by the government. “According to the suggested pension reform there is no societal group that will be a beneficiary and at the same time satisfied with its results.
MoreICC Georgia’s criticized the draft Law on Accumulated Pension System
ICC Georgia, largest business organization has criticized new draft law on pension system introduced by the government. “According to the suggested pension reform there is no societal group that will be a beneficiary and at the same time satisfied with its results. Furthermore, economic, financial, and political risks are very high and in case of these expectations the consequences will be irreparable”, said ICC in its statement. ICC Georgia has listed 13 main reasons why it believes that the suggested pension reform should not be implemented.