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Liechtenstein Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Bene

Publisher GlobalData
Published Jul 28, 2022
Length 40 Pages
SKU # GBDT17423929

Description

Liechtenstein Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2022 Update

Summary

The principality of Liechtenstein’s social security system covers all persons residing or working in the country. State pensions, corporate or company pensions (a mandatory occupational scheme for employees), and private pensions are the three main pillars of Liechtenstein’s social security system. This network allows covering the risks related to sickness, invalidity, accidents at work and occupational diseases, healthcare, and unemployment, and to prepare financially for retirement. State and corporate pensions are mandatory, while private pensions are voluntary.

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

Key Highlights
  • The Financial Market Authority, The Office of Economic Affairs, The Office of Public Health, Old-Age, Survivor, and Disability Insurance Institute, and The Office of Social Services 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 credited contribution.
  • In Liechtenstein, employers provide voluntary retirement benefits to their employees through occupational pension schemes, however, their prevalence is very low.
Scope

This report provides a detailed analysis of employee benefits in Liechtenstein -
  • 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, Long-term care benefits, Minimum resource benefit, leaves and holidays and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Liechtenstein
Reasons to Buy
  • 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

40 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 Liechtenstein
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 Disability Benefits
7.4 Medical Benefits
7.5 Accidental Death and Dismemberment Benefits
7.6 Other Benefits
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List of Tables
Table 1: Insurance Industry Definitions
Table 2: Liechtenstein - Country Statistics, 2020
Table 3: Liechtenstein - Duration of Unemployment Benefits
Table 4: Liechtenstein - Long-Term Care Benefits In-Kind
Table 5: Liechtenstein - Long-Term Care Cash Benefits
Table 6: Liechtenstein - Public Holidays, 2022
List of Figures
Figure 1: Liechtenstein - Main Institutions of Social Security System

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