Employee Benefits in Brazil 2020

Employee Benefits in Brazil 2020

Summary

Brazil has a well-developed social security system, and both employers and employees contribute to social security schemes in the country, with employers’ contributions typically much greater than those of employees. Brazilian employees primarily contribute to six statutory social security organizations: the statutory pension insurance fund, the statutory death insurance fund, the statutory short-term sickness fund, the statutory long-term disability fund, the statutory maternity fund, and statutory family benefits. The Brazilian government is responsible for the payment of benefits such as medical benefits and workmen compensation insurance.

The report provides in-depth industry analysis, information and insights of the employee benefits in Brazil, including: overview of the state and compulsory benefits in Brazil, detailed information about the private benefits in Brazil, 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 Brazil.

Key Highlights

  • The Brazilian social security system is very extensive and is financed by contributions from employees, including expatriates, and employers.
  • 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.
  • In Brazil, employers provide voluntary retirement benefits to their employees through closed and open pension funds (Supplemnetary Pension Regime).
Scope

This report provides a detailed analysis of employee benefits in Brazil -
  • 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 benefits, unemployment benefits, family benefits, Social inclusion Programs, leaves and holidays and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Brazil
Reasons to Buy
  • Make strategic decisions using in-depth information related to employee benefits in Brazil.
  • Assess Brazil’s employee benefits market, including state and compulsory benefits and private benefits.
  • Gain insights into the key employee benefit schemes offered by private employers in Brazil.
  • Gain insights into key organizations governing Brazil’s employee benefits, and their impact on companies.


1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
3 COUNTRY STATISTICS
4 OVERVIEW OF EMPLOYEE BENEFITS IN BRAZIL
5 REGULATIONS
6 STATE AND COMPULSORY BENEFITS
6.1 Retirement Benefits
6.1.1 Introduction
6.1.2 Eligibility
6.1.3 Benefits
6.1.4 Payment options
6.1.5 Contributions
6.2 Death in Service
6.2.1 Introduction
6.2.2 Eligibility
6.2.3 Benefits
6.2.4 Payment options
6.2.5 Contributions
6.3 Long-Term Disability Benefits
6.3.1 Introduction
6.3.2 Eligibility
6.3.3 Benefits
6.3.4 Payment options
6.3.5 Contributions
6.4 Short-Term Sickness Benefits
6.4.1 Introduction
6.4.2 Eligibility
6.4.3 Benefits
6.4.4 Payment options
6.4.5 Employee and employer contributions
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Payment options
6.5.5 Contributions
6.6 Workmen’s Compensation Insurance
6.6.1 Introduction
6.6.2 Eligibility
6.6.3 Benefits
6.6.4 Payment options
6.6.5 Contributions
6.7 Maternity and Paternity Benefits
6.7.1 Introduction
6.7.2 Eligibility
6.7.3 Benefits
6.7.4 Payment options
6.7.5 Contributions
6.8 Other Benefits
6.8.1 Unemployment Benefits
6.8.2 Family Benefits
6.8.3 Social Inclusion Programs
6.8.4 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 Benefit
8 APPENDIX
8.1 Methodology
8.2 Contact GlobalData
8.3 About GlobalData
8.4 GlobalData’s Services
8.5 Disclaimer
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Brazil - Country Statistics
Table 3: Brazil - Contribution Table for Employees, Domestic and Individual Workers
Table 4: Brazil - Workmen’s Compensation Insurance, Employee and Employer Contributions
Table 5: Brazil - Unemployment Benefits, 2019
Table 6: Brazil - Fixed National and Public Holidays, 2020
List of Figures
Figure 1: Brazil - Main Institutions of Social Security System

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook