ISET

On 30 November 2017, the ISET Policy Institute hosted a High-Level Education Action Event which was the third in a series of education policy dialogues focused on general education. This time, the event was held in partnership with UNICEF and the World Bank, as well as with key SDG 4 stakeholders to drive a new push for inclusive and equitable quality education and lifelong learning opportunities for all. Through thorough analyses of findings from PISA and TIMSSstudies, the event highlighted the growing momentum around the implementation of SDG 4. It attempted to galvanize the efforts of the leading education stakeholders and raise awareness about the obstacles and opportunities for achieving universal access to quality education for all girls and boys.

On Monday, October 9th, ISET hosted George Luarsabishvili, Economist at the Georgia Resident Mission of the Asian Development Bank. Mr. Luarsabishvili made a presentation on Pension Reform in Georgia.

Mr. Luarsabishvili first reviewed the current pension system of the country, existing challenges, and the rationale of the reform. He then discussed the details of pension reform in Georgia. The government of Georgia intends to introduce a multi-pillar pension system based on an occupational defined contribution pension, as an add-on to the existing zero pillar, with support from development partners, including ADB, starting in 2018. The objective of the reform is to restructure the existing pension system so that it helps prevent poverty for senior citizens, is affordable for both individuals and society, and is sustainable in the long-term. The reform introduces a supplemental contributory pension savings pillar to provide additional pension income and a more adequate replacement rate, while universal social pensions will become mainly a poverty alleviation tool.

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