Employee Benefits in the Philippines 2025
Description
Employee Benefits in the Philippines 2025
Summary
The report provides in-depth industry analysis, information, and insights of the employee benefits in the Philippines, including an overview of the state and compulsory benefits in the Philippines, detailed information about the private benefits in the Philippines, 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 the Philippines.
The Philippines is seen as one of Asia’s most-socially-progressive countries because of its commitment to providing citizens with secured livelihoods; the Philippine constitution guarantees individuals complete social, economic, and cultural rights. Female employees and the primary labor force are granted special rights. However, the country has a long way to go in terms of providing full social entitlement to all citizens. Furthermore, the distribution of benefits is unbalanced and only a small proportion of the population benefits.
Key Highlights
This report provides a detailed analysis of employee benefits in the Philippines-
Summary
The report provides in-depth industry analysis, information, and insights of the employee benefits in the Philippines, including an overview of the state and compulsory benefits in the Philippines, detailed information about the private benefits in the Philippines, 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 the Philippines.
The Philippines is seen as one of Asia’s most-socially-progressive countries because of its commitment to providing citizens with secured livelihoods; the Philippine constitution guarantees individuals complete social, economic, and cultural rights. Female employees and the primary labor force are granted special rights. However, the country has a long way to go in terms of providing full social entitlement to all citizens. Furthermore, the distribution of benefits is unbalanced and only a small proportion of the population benefits.
Key Highlights
- The Philippine Social Security System (SSS) and, Department of Social Welfare and Development (DSWD) 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.
- Employers in the country provide voluntary retirement plans to their employees through the Employee Retirement Fund under RAs No. 4917 and 7641.
This report provides a detailed analysis of employee benefits in the Philippines-
- 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, consolidated loans, unemployment benefits, emergency loans, leaves and holidays, and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in the Philippines
- 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
56 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 Ireland
- 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 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: Ireland – Statistics, 2024
- Table 3: Ireland – Old-age benefits, average rate per week, 2025 (those who qualified on or after September 1, 2012)
- Table 4: Ireland – Old-age benefits, state pension rates, 2025 (those who qualified on or after September 1, 2012)
- Table 5: Ireland – Old-age benefits, maximum personal weekly rate of payment, 2025 (those who qualified before September 1, 2012)
- Table 6: Ireland – Child dependent benefits, weekly rate of payment, 2025
- Table 7: Ireland – Disability benefits, maximum rates of partial capacity benefit, 2025
- Table 8: Ireland – Carer’s benefit rates, 2025
- Table 9: Ireland – Death benefits, widow's, widower's, or surviving civil partner's (contributory) pension rates 2025
- Table 10: Ireland – Social assistance benefits, current pension rates, 2025
- Table 11: Ireland – Overall social insurance rates, employee and employer contributions
- Table 12: Ireland – Weekly payment rates, 2025
- Table 13: Ireland – Health and safety benefit weekly payment for 2025
- Table 14: Ireland – Monthly child benefit paid for 2025
- Table 15: Ireland – Working family payment threshold for 2025
- Table 16: Ireland – Foster Care Allowance for 2025
- Table 17: Ireland – Basic supplementary welfare allowance for 2025
- Table 18: Ireland – Jobseeker’s allowance
- Table 19: Ireland – Leave, fixed national, and public holidays in Ireland, 2025
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