Summary The Czech Republic has a well-developed social security system, and employers, employees, and self-employed persons contribute to social security schemes.The Czech social security system is built on three pillars: compulsory social insurance, state social support system, and social assistance.
Compulsory social insurance covers pension insurance, health insurance, and the national employment policy system.The non-contributory state social support system supports families with dependent children.
The final pillar, tax-financed social assistance provides benefits to persons with disabilities, and assistance to those with insufficient income.The sickness insurance scheme is obligatory for employees and voluntary for self-employed persons.
Some groups such as students and women on maternity leave are insured without contributions if certain conditions are met.
The report provides in-depth industry analysis, information and insights of the employee benefits in Czech Republic, including: overview of the state and compulsory benefits in Czech Republic, detailed information about the private benefits in Czech Republic, 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 Czech Republic.
Key Highlights - State and compulsory benefits include all mandatory benefits to be provided to employees. In the Czech Republic, the state and compulsory benefits comprise pension insurance, sickness insurance, and state social support. Act No. 582/1991Coll. regulates the social security benefits in the country.
- The Czech pension system is composed of two pillars: Compulsory basic pension insurance, and complementary pension insurance.
- The compulsory basic pension insurance is universal. It is provided to all economically active employees in the form of a defined-benefit (DB) plan and is financed on a pay-as-you-go basis.
- In Czech Republic, employers provide voluntary retirement benefits to their employees through voluntary insurance contracts
Scope This report provides a detailed analysis of employee benefits in Czech Republic -
- 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 Czech Republic
Reasons to Buy - Make strategic decisions using in-depth information related to employee benefits in Czech Republic.
- Assess Czech Republic’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 Czech Republic.
- Gain insights into key organizations governing Czech Republic’s employee benefits, and their impact on companies.
Our reports have been used by over 10K customers, including:
Employee Benefits in Lithuania 2021 Summary Lithuania inherited a Soviet-style pension system with characteristics such as generous early retirement provisions, privileges for certain occupational groups, and a weak link between contributions and benefits.The economic crisis in the 1990s forced the...
Employee Benefits in Romania 2021 Summary Romania has a well-established social security system.In order to provide its citizens with decent living conditions, the Romanian government provides various social security schemes in close association with private institutions. The Romanian pension...
Employee Benefits in Slovakia 2021
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 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 Switzerland 2021
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 South Africa 2021
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
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 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...
Employee Benefits in the Philippines 2021
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 Latvia 2021
The social security system in Latvia is classified into three categories: state social insurance, social assistance, and the social service system.The state social insurance system covers legislation on social insurance, maternity and sickness insurance,...
Life Insurance Claims
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.