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Employee Benefits in Germany

Employee Benefits in Germany

Synopsis

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

Summary

Germany has a well-developed social security system. Both companies and employees equally contribute to social security schemes. Employees have to primarily contribute to nine statutory social security organizations: the statutory health insurance fund, the statutory long-term care insurance fund, the statutory short-term sickness fund, the statutory long-term disability fund, the statutory pension insurance fund, statutory accident insurance, statutory maternity and paternity fund, statutory family benefits and the statutory unemployment insurance fund. Employers deduct tax and social security contributions from the gross wages of employees and directly transfer them to the tax office. For all the components of social security there is a common fund. However, employees have the option to individually choose a health insurance provider. The increasing share of elderly people in the population coupled with a relatively low birth rate has forced the government to adopt several reforms to ensure a better social welfare system for future generations.

Scope

This report provides a detailed analysis of employee benefits in Germany:

  • 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, unemployment benefits, minimum resources, long-term care insurance, and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Germany
Reasons To Buy
  • Make strategic business decisions using in-depth information related to German employee benefits
  • Assess German employee benefits market including state and compulsory benefits and private benefits
  • Gain insights into the key employee benefits schemes offered by the private employers in Germany
  • Gain insights into key regulations governing German employee benefits and its impact on companies
Key Highlights
  • The German social security system covers a large proportion of the population and plays a significant role in the country’s employee benefits market.
  • Employees, self-employed persons, unemployed persons, persons taking care of children younger than three, persons doing community service and voluntary care workers are all covered under the country’s social security system.
  • The private pension schemes can be availed through a bank or an insurance company. Defined benefit (DB) plans still mostly exist in the country, but defined contribution (DC) schemes are gaining importance gradually. Some organizations even offer hybrid plans.


  • Executive Summary
  • Introduction
    • What is this Report About?
    • Definitions
      • Table Definitions
  • Country Statistics
    • Table Germany - Country Statistics
  • Overview of Employee Benefits in Germany
  • Regulations
    • Table Germany - Recent Amendments to Regulations
  • State and Compulsory Benefits
    • Retirement Benefits
      • Introduction
      • Types of retirement plans
      • Eligibility
      • Age
      • Benefits
      • Payment options
      • Typical employer practice
      • Employee and employer contribution
        • Table German Retirement Benefits - Employee and Employer Contributions
      • Taxation
    • Death in Service
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Typical employer practice
      • Employee and employer contribution
        • Table German Death Benefits - Employee and Employer Contributions
      • Taxation
    • Long-term Disability Benefits
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Typical employer practice
      • Employee and employer contribution
        • Table German Disability Benefits - Employee and Employer Contributions
      • Taxation
    • Short-term Sickness Benefits
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Typical employer practice
      • Employee and employer contribution
        • Table German Short-Term Sickness Benefits - Employee and Employer Contributions
      • Taxation
    • Medical Benefits
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Typical employer practice
      • Employee and employer contribution
        • Table German Medical Benefits - Employee and Employer Contributions
      • Taxation
    • Workmen Compensation
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Typical employer practice
      • Employee and employer contribution
        • Table German Workmen Compensation Insurance - Employee and Employer Contributions
      • Taxation
    • Maternity and Paternity Benefits
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Employee and employer contributions
        • Table German Maternity and Paternity Benefits - Employee and Employer Contributions
      • Taxation
    • Family Benefits
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Employee and employer contribution
      • Taxation
    • Unemployment
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Employee and employer contribution
        • Table German Unemployment Benefits - Employee and Employer Contributions
      • Taxation
    • Minimum Resources
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Employee and employer contribution
      • Taxation
    • Long-term Care Insurance
      • Introduction
      • Eligibility
      • Benefits
      • Payment options
      • Employee and employer contribution
        • Table German Long-term Care Benefits - Employee and Employer Contributions
      • Taxation
  • Private Benefits
    • Retirement Benefits
    • Disability Benefits
    • Death Benefits
    • Medical Benefits
    • Family 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
      • Household Consumption Expenditure
      • Gross National Disposable Income
    • Demographics
      • Total Population
      • Urban and Rural Population
      • Labor force
  • Appendix
    • Methodology
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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