Employee Benefits in the Netherlands 2020

Employee Benefits in the Netherlands 2020

  • October 2020 •
  • 52 pages •
  • Report ID: 5982732 •
  • Format: PDF
Employee Benefits in the Netherlands 2020

Summary
The Dutch social security system is one of the most comprehensive in Europe and is based on social insurances and supplementary income support schemes.It can be classified into three types: national insurance schemes, which consist of old-age pension (AOW) and child benefits (AKW); employee insurance schemes, which include unemployment benefit, long-term disability (WIA), and sickness (ZW); and social assistance.

Contributions for national insurance schemes are based on an individual’s income.For employee insurance schemes, employers pay the majority of contributions, with employees paying a proportion from their wages.

Employees need a Burger Service Number (BSN, previously known as a Sofi number) in order to register in the financial, tax, and social system.

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

Key Highlights
- There are various central institutions in Netherlands that are responsible for the functioning of the overall social security system.
- The main acts that govern the state and compulsory employee benefits in the Netherlands include The Dutch General Old Age Pensions Act (AOW), The General Exceptional Medical Expenses Act (AWBZ), The Unemployment Insurance Act (WW), The Labor Capacity Act (WIA), The General Child Benefit Act (AKW), The Sickness Benefits Act (ZW), and The Work and Social Assistance Act (WWB).
- In the Netherlands, employers provide voluntary retirement benefits to their employees through voluntary insurance contracts

Scope
This report provides a detailed analysis of employee benefits in the Netherlands -
- 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, leave and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Netherlands

Reasons to Buy
- Make strategic decisions using in-depth information related to employee benefits in the Netherlands.
- Assess Netherlands’s employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in the Netherlands.
- Gain insights into key organizations governing the Netherlands’s employee benefits, and their impact on companies.
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