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 Latvia 2021 Summary 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,...
Employee Benefits in Greece 2021 Summary Greece has one of the most developed and comprehensive welfare systems in the world.The Greek government provides various social insurance and assistance schemes including insurance cover for the elderly, disability, sickness, unemployment, and survivors’...
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 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 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 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 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 Russia 2021 Summary Russia underwent major economic and political change following the collapse of the Soviet Union in 1991. During this two-decade transition period, several changes were made to the country’s social security system, including the development of private employee...
Employee Benefits in Mexico 2021 Summary Mexico’s social security system was introduced in 1942 and has since evolved in terms of scope and coverage.The Mexican Social Security Institute (IMSS) and the Institute for Security and Social Services for Government Workers (ISSSTE) are the governing...