Employee Benefits in Austria 2025
Description
Employee Benefits in Austria 2025
Summary
The report provides in-depth industry analysis, information, and insights of the employee benefits in Austria, including an overview of the state and compulsory benefits in Austria, detailed information about the private benefits in Austria, 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 Austria.
The Austrian social security system covers a large proportion of the population. The major principles upon which the system is based are statutory insurance, solidarity, and the self-administration of insurance providers. The main objectives of the Austrian labor market policy are to achieve full employment, keep older employees in work for longer, develop human resources, re-activate the unemployed, and combat long-term unemployment. The country is one of the 12 richest in the world, in terms of gross domestic product (GDP), and its unemployment rate is among the lowest in the European Union (EU) member states.
Key Highlights
This report provides a detailed analysis of employee benefits in Austria-
Summary
The report provides in-depth industry analysis, information, and insights of the employee benefits in Austria, including an overview of the state and compulsory benefits in Austria, detailed information about the private benefits in Austria, 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 Austria.
The Austrian social security system covers a large proportion of the population. The major principles upon which the system is based are statutory insurance, solidarity, and the self-administration of insurance providers. The main objectives of the Austrian labor market policy are to achieve full employment, keep older employees in work for longer, develop human resources, re-activate the unemployed, and combat long-term unemployment. The country is one of the 12 richest in the world, in terms of gross domestic product (GDP), and its unemployment rate is among the lowest in the European Union (EU) member states.
Key Highlights
- The Main Association of Austrian Social Security Institutions, Federal Ministry of Health, and Federal Ministry of Labor, Social Affairs, and Consumer Protection 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 addition to the mandatory contributions to the statutory pension scheme, the majority of employers in Austria provide Supplementary Occupation Pension plans.
This report provides a detailed analysis of employee benefits in Austria-
- 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 benefits, long-term care benefits, minimum resources benefit, leaves and holidays and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Austria
- 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
53 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 Austria
- 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
- Long-Term Care Benefits
- Minimum Resources Benefits
- Leaves and Holidays
- 7 Private Benefits
- 7.1 Retirement Benefits
- 7.2 Death Benefits
- 7.3 Medical benefits
- 7.4 Disability Benefits
- 7.5 Accidental Death and Dismemberment Benefits
- 7.6 Other Benefits
- 8 About GlobalData
- 9 Contact Us
- List of Tables
- Table 1: Minimum Pension Rates 2025
- Table 2: Insurance Industry Definitions
- Table 3: Austria – Country Statistics, 2024
- Table 4: Austria – Increase in minimum Pension Rates 2025
- Table 5: Austria – State and Compulsory Benefits, Reference Rates for Equalization Supplement, 2025
- Table 6: Austria – Minimum Pension Rates 2025
- Table 7: Austria – Compensatory Allowance Rates 2025
- Table 8: Austria – Compensatory Pension Bonus 2025
- Table 9: Austria – Family Benefits, Child Benefit According to Age, for the Year 2025
- Table 10: Austria – Family Benefits, Child Benefit According to the Number of Children, for the Year 2025
- Table 11: Austria – Long-Term Care – Categories and Benefits, as of January 2025
- Table 12: Austria – Public Holidays 2025
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