Struggling to make ends meet, many Georgian pensioners end up relying on donations from charities or support from relatives or kind neighbours. Places in care homes are few and far between and even the state-run Soviet-era institutions are no longer taking in residents. The government is set to introduce a new pension contribution scheme but critics argue it doesn’t go far enough. [Read more…]
Demonstrations were held in several North Caucasian cities on Sunday as part of a nationwide protest against Russia’s upcoming pension reforms. Rallies in Cherkessk, Makhachkala, and Nalchik, the capitals of Karachay-Cherkessia, Kabardino-Balkaria, and Daghestan, were organised by the regional branches of the Communist Party of Russia. [Read more…]
Employees under 40 in Georgia may soon be obliged to participate in a cumulative pension scheme, if a proposal drafted by the Ministry of Economy and National Bank is approved by parliament. [Read more…]
Russian police have uncovered the alleged embezzlement by officials in North Ossetia of state budget funds from Russia’s Pension Fund.