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Employee Benefits in Belgium

Employee Benefits in Belgium

Synopsis

The report provides in-depth industry analysis, information and insights of the employee benefits in Belgium, including: 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.

Summary

The Belgian social security system covers a large proportion of the population, and plays a significant role in the country’s employee benefits market. However, the recent debt crisis in European Union (EU) member states had an adverse impact on 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 has been affected by the sovereign debt crisis. Both the state and private benefits markets in Belgium are undergoing transformation, and are expected to improve in the coming years.

Scope

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, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, long-term care benefits, minimum resources, annual vacations, unemployment benefits and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Belgium
Reasons To Buy
  • Make strategic decisions using in-depth information related to employee benefits in Belgium.
  • Assess Belgium employee benefits market, including state and compulsory benefits and private benefits.
  • Gain insights into the key employee benefit schemes offered by private employers in Belgium.
  • Gain insights into key organizations governing Belgium employee benefits, and their impact on companies.
Key Highlights
  • The Belgian social security system for employed persons is broadly classified into three categories: salaried persons, self-employed persons, and civil servants of the Belgian federal government
  • The general principle applied for employers and employees to contribute to the various branches of the social security system is called as global management. Basic total contribution is 37.84%, of which the employer contributes 24.77% and 13.07% comes from employee.
  • As benefits promote a work-life balance and recognize efforts of employees, companies often use additional benefits to motivate employees and to improve their performance. In Belgium, defined benefit (DB) plans are prominent, but defined contribution (DC) schemes are gaining importance gradually.


  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Definitions
  • Country Statistics
    • Table Belgium - Country Statistics
  • Overview of Employee Benefits in Belgium
  • Regulations
    • Table Employee Notice Period
  • State and Compulsory Benefits
    • Retirement Benefits
      • Introduction
      • Eligibility
      • Age
        • Table Early Retirement
      • Pensionable salary
      • Benefits
      • Payment options
      • Typical employer practice
      • Employee and employer contributions
      • Taxation
    • Death in Service
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Typical employer practice
      • Employee and employer contributions
      • Taxation
    • Long-term Disability Benefits
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Employee and employer contributions
      • Taxation
    • Short-Term Sickness Benefits
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Typical employer practice
      • Employee and employer contributions
      • Taxation
    • Medical Benefits
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Typical employer practice
      • Employee and employer contributions
      • Taxation
    • Workmen's Compensation
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Employee and employer contributions
      • Taxation
    • Maternity and Paternity Benefits
      • Introduction
      • Eligibility
      • Benefits
        • Table Maternity Benefits
      • Payment options
      • Employee and employer contributions
      • Taxation
    • Family Benefits
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Employee and employer contributions
      • Taxation
    • Long-Term Care Benefits
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Employee and employer contributions
      • Taxation
    • Minimum Resources
      • General System
      • Guarantee of income for elder persons
      • Disabled persons allowances
      • Benefits
    • Annual Vacations
      • Introduction
      • Blue-collar workers, apprentice workers and artists
      • White-collar and apprentice employees
      • Civil servants
        • Table Civil Servants' Age Criteria for Annual Vacation
    • Unemployment
      • Introduction
      • Eligibility
      • Benefits
      • Payment Options
      • Employee and employer contributions
      • Taxation
  • Private Benefits
    • Retirement Benefits
      • Table Employee Contributions
    • Disability Benefits
      • Table Disability Benefits
    • Death Benefits
    • Medical and Health Benefits
    • Other Benefits
  • Macroeconomic Indicators
    • Economic Performance
      • GDP at constant prices (US dollars)
      • GDP per capita at constant prices (US dollars)
      • GDP at current prices (US dollars)
      • GDP per capita at current prices (US dollars)
      • GDP split by key sectors
      • Inflation rate
      • Annual average exchange rate US$-EUR
      • Unemployment rate
    • Demographics
      • Total population
      • Urban and rural populations
      • Labor force
  • Appendix
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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