On 31 October 2017, the Government of Georgia publicly presented her reform plan for the country�s pension system. The draft law envisions a new pension savings scheme that is based on personal accounts and does not include any element of solidarity. The principle is �everyone for him- or herself�. As all workers over 40 years of age would have the possibility to opt-out of the new pensions scheme, hundreds of thousands of Georgian citizens will remain without a decent pension in the future. Thus, the government proposal does nothing to alleviate the threat of massive old-age poverty. Alternatively, the Georgian government should strengthen the basic pension, and develop a second pillar of the pension system that includes two tiers: a mandatory pay-as-you-go (PAYG) scheme that would deliver immediate benefits from 2020 onwards, and a funded defined-contribution scheme for workers up to the age of 50, that would increase security in the long run.