Demographic Context of Pension System Reform

In the article, the pension reform of Georgia is analyzed in comparison with the pension reform of the developed European and post-communist countries, where, in the authors’ opinion, the countries’ demographic aspect was not taken into account. In particular, the main characteristics of the aging population and demographic structure. In their view, the minimum retirement age for men - 65 years, established in the country due to extra mortality rate in comparison with women, does not comply with reality and should not be more than 62 years old. In the pension reforms, carried out in Georgia, the main attention should not be focused only on the fiscal aspects but also the social, medical and demographic characteristics.
The paper, based on the demographic and medical data analysis, introduces expected socio - demographic effects caused by reduction of the minimum retirement age for men.