Employee Benefits in Hungary 2022 - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis
Description
Employee Benefits in Hungary 2022 - Key Regulations, Statutory Public and Private Benefits, and Industry Analysis
Summary
The Hungarian social security system is based on the fundamental principle of solidarity, and both employers and employees contribute. Self-employed persons also make full contributions and are entitled to receive benefits under the system. In addition to the social security benefits, several benefits such as a supplementary pension, healthcare benefit, unemployment benefit, disability, and death benefits are provided by private employers in Hungary.
The report provides in-depth industry analysis, information, and insights of the employee benefits in Hungary, including an overview of the state and compulsory benefits in Hungary, detailed information about the private benefits in Hungary, 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 Hungary.
Key Highlights
Summary
The Hungarian social security system is based on the fundamental principle of solidarity, and both employers and employees contribute. Self-employed persons also make full contributions and are entitled to receive benefits under the system. In addition to the social security benefits, several benefits such as a supplementary pension, healthcare benefit, unemployment benefit, disability, and death benefits are provided by private employers in Hungary.
The report provides in-depth industry analysis, information, and insights of the employee benefits in Hungary, including an overview of the state and compulsory benefits in Hungary, detailed information about the private benefits in Hungary, 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 Hungary.
Key Highlights
- The Ministry for National Economy, National Health Insurance Fund, Hungarian State Treasury, and National Tax and Custom Administration 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 Hungary, employers provide voluntary retirement benefits to their employees through voluntary pension schemes, employer pension funds.
- 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, grant-in-aid, social relief distress, compensation, leaves and holidays and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Hungary
- 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
Scope
This report provides a detailed analysis of employee benefits in Hungary-
Table of Contents
46 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 Hungary
- 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
- Unemployement Benefits
- Family benefits
- Long - term care Benefits
- Minimum Resources 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 and Dismemberment Benefits
- 7.6 Other Benefits
- About GlobalData
- Contact Us
- List of Tables
- Table 1: Insurance Industry Definitions
- Table 2: Hungary - Country Statistics, 2020
- Table 3: Hungary - Pension (Based on Monthly Salary)
- Table 4: Hungary - Pension Amounts (Percentage of Monthly Salary)
- Table 5: Hungary - Pension (Based on Monthly Salary)
- Table 6: Hungary - Disability Benefits
- Table 7: Hungary - Family Allowance Per Month (2021)
- Table 8: Hungary - Basic Leave
- Table 9: Hungary - Additional Vacation Leaves
- Table 10: Hungary - Additional notice period
- Table 11: Hungary - Public Holidays 2022
- List of Figures
- Figure 1: Hungary- Main Institutions of Social Security System
Pricing
Currency Rates
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