Employee Benefits in Belgium 2025
Description
Employee Benefits in Belgium 2025
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 has 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
This report provides a detailed analysis of employee benefits in Belgium-
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 has 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, National Pension Office, Federal Agency for Work risks (Fedris), Special Compensation Funds for Family Benefits, and the Independent Compensation Funds, National Employment Office and National Annual Holiday Office (ONVA) are responsible for the functioning of the overall social security system in Belgium.
- 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 credited contribution.
- The supplementary pension schemes are prevalent in Belgium in the form of DB are also available as DC or cash balance schemes.
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, long-term disability benefit, short-term disability benefit, medical benefits, workmen's compensation insurance, maternity and paternity benefits, leaves and holidays and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Belgium
- 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
52 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 the US
- 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 Other Benefits
- Family Benefits
- Unemployment Benefits
- Supplemental Security Income
- 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: Insurance Industry Definitions
- Table 2: The US – Country statistics, 2024
- Table 3: The US – Social Security Contribution 2025
- Table 4: The US – Minimum Wage 2025
- Table 5: The US – Age to Receive Full Social Security Benefits
- Table 6: The US – Credits to Receive Full Social Security Benefits
- Table 7: The US – Medical Benefits – Additional Medicare Tax
- Table 8: The US – Federal Holidays, 2024
- Table 9: The US – Accidental Health and Dismemberment Benefits
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