Tbilisi. The article was writen in the framework of the project ''Strategic Plan Georgia 2020 - Strengthening Public Involvement'' and was published on the blog ''Georgia 2020''. 

''The developed countries of the modern world have long realized the necessity of the pension system reform, which would adequately respond to financial, demographic and economic challenges of the civilized world. Growth and aging of the world population, increase in life-expectancy, frequent financial crises and decreased labor force led to the urgency of pension system reform in the mid-1990s'', is noted in the statement. 

Source: idfi.ge