Employee Benefits in New Zealand 2021 Summary New Zealand has a comprehensive social security system, which is largely non-contributory.Neither employers nor employees contribute to social security funds, as they are tax-financed. However, employees and self-employed persons must contribute...
Employee Benefits in Bulgaria 2021 Summary The National Social Security Institute (NSSI) is responsible for managing all the social security schemes in the Republic of Bulgaria.It administers mandatory social security schemes such as sickness, maternity, occupational diseases, workplace accidents,...
Employee Benefits in Hungary 2021 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...
Employee Benefits in Switzerland 2021 Summary The Swiss social security system comprises various forms of social insurance, which aim to protect both people living and working in Switzerland and their dependents. It is organized federally, and social security responsibilities are divided between...
Employee Benefits in Belgium 2021 Summary The Belgian social security system covers a large proportion of the country’s population and plays a significant role in its employee benefits landscape.However, the recent debt crisis in the European Union (EU) member states had an adverse impact on the...
Employee Benefits in Slovakia 2021 Summary Following independence in 1993, the Slovak government reformed taxation, healthcare, pensions, and the social welfare system.These reforms helped the government to consolidate the budget and move towards joining the EU in 2004. The country also...
Employee Benefits in South Africa 2021 Summary South Africa has a well-developed social security system, which covers employees and their dependents, as well as unemployed persons and individuals.The Department of Labor (DoL) is the central labor administration body and is regulated by the Ministry...
Employee Benefits in the United States of America (USA) 2021 Summary The US social security system covers more than 96% of the total workers employed in the US.The motive of providing employee benefits is to support the economic security of an individual by insuring against unsure events and to...
Employee Benefits in the Philippines 2021 Summary 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...
Employee Benefits in Ukraine 2021 Summary Following its declaration of independence, Ukraine initiated socio-economic reforms and initiated the national social security system.The system is divided into Compulsory State Social insurance, which is funded by employee and employer contributions, and...