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Belgium Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits,

Publisher GlobalData
Published Mar 03, 2023
Length 60 Pages
SKU # GBDT17972405

Description

Belgium Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2023 Update


Summary

The report provides in-depth industry analysis, information, and insights of the employee benefits in Belgium, including an overview of the state and compulsory benefits in Belgium, detailed information about the private benefits in Belgium, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Belgium.

The Belgian social security system covers a large proportion of the country’s population and plays a significant role in its employee benefits landscape. However, the recent debt crisis in the European Union (EU) member states had adversely impacted the employee benefits market. The Belgian government has had to tackle economic imbalances and rising unemployment over the past few years, and the private benefits market was affected by the sovereign debt crisis. Both the state and private benefits markets in Belgium are transforming and are expected to improve in the coming years.

Key Highlights
  • The National Institute for Health and Disability Insurance, The National Pension Office, The Federal Agency for Work Risks (Fedris), The Special Compensation Funds for Family Benefits, and the Independent Compensation Funds), The National Employment Office, and The National Annual Holiday Office (ONVA)organizations are responsible for the functioning of the overall social security system.
  • A person’s national insurance contribution is determined based on their income.
  • An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to a credited contribution.
  • In Belgium, employers provide voluntary pension benefits to their employees through company pension plans and sector pension plans.
Scope

This report provides a detailed analysis of employee benefits in Belgium -
  • It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
  • It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, minimum resources, Long-Term care, leaves and holidays and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Belgium
Reasons to Buy
  • Make strategic decisions using in-depth information related to employee benefits in the country
  • Assess employee benefits of the market, including state and compulsory benefits and private benefits
  • Gain insights into the key employee benefit schemes offered by private employers in the country
  • Gain insights into key organizations governing employee benefits market, and their impact on companies

Table of Contents

60 Pages
1. Executive Summary
2. Introduction
2.1 What is this Report about?
2.2 Definitions
3. Country Statistics
4. Overview of Employee Benefits in Belgium
5. Regulations
6. State and Compulsory Benefits
6.1 Retirement Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.2 Death in Service
Introduction
Eligibility
Benefits
Payment options
Contribution
6.3 Long-Term Disability Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.4 Short-Term Sickness Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.5 Medical Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.6 Workers’ Compensation insurance
Introduction
Eligibility
Benefits
Payment options
Contribution
6.7 Maternity and Paternity Benefits
Introduction
Eligibility
Benefits
Payment options
Contribution
6.8 Other Benefits
Family Benefits
Unemployment Benefits
Minimum Resources Benefits
Long-term care Benefits
Leaves and Holidays
7. Private Benefits
7.1 Retirement Benefits
7.2 Death Benefits
7.3 Disability Benefits
7.4 Medical Benefits
7.5 Accidental Death and Dismemberment Benefits
7.6 Other Benefits
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List of Tables
Table 1: Insurance Industry Definitions
Table 2: Belgium - Country Statistics, 2022
Table 3: Belgium - Employee Notice Period
Table 4: Belgium - Pension Bonus for Career Years from December 1, 2022
Table 5: Belgium - Minimum Allowance on Spectacle Lenses 2022
Table 6: Belgium - Maternity Benefits
Table 7: Belgium - Young Unemployed Benefits
Table 8: Belgium - Basic Allowance
Table 9: Belgium - Monthly Age Supplements
Table 10: Belgium - Social Supplements
Table 11: Belgium - Special monthly allowances for disabled children
Table 12: Belgium - Notice Period
Table 13: Belgium - Public Holidays 2023
Table 14: Belgium - Partial Permanent Disability Benefits due to Accident, 2023
Table 15: Belgium - Total Permanent Disability Benefits due to Accident, 2023
Table 16: Belgium - Partial Permanent Disability Benefits due to Accident, 2023
Table 17: Belgium - Total Permanent Disability Benefits due to Accident, 2023

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