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Employee Benefits in Belgium 2020

October 2020 | 62 pages | ID: EB44C1CBB37EN
GlobalData

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Employee Benefits in Belgium 2020

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 market. The Belgian government has had to tackle economic imbalances and rising unemployment over the past few years, and the private benefits market was affected by the sovereign debt crisis. Both the state and private benefits markets in Belgium are undergoing transformation and are expected to improve in the coming years
The report provides in-depth industry analysis, information and insights of the employee benefits in Belgium, including: overview of the state and compulsory benefits in Belgium, detailed information about the private benefits in Belgium, 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 Belgium.

KEY HIGHLIGHTS
  • There are various central institutions in Belgium that are responsible for the functioning of the overall social security system.
  • A person’s national insurance contribution is determined based on their income.
  • An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution.
  • In Belgium, employers provide voluntary retirement benefits to their employees through voluntary insurance contracts
SCOPE

This report provides a detailed analysis of employee benefits in Belgium -
  • 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 Belgium
REASONS TO BUY
  • Make strategic decisions using in-depth information related to employee benefits in Belgium.
  • Assess Belgium'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 Belgium.
  • Gain insights into key organizations governing Belgium's employee benefits, and their impact on companies.
1 EXECUTIVE SUMMARY

2 INTRODUCTION

2.1 What is this Report About?
2.2 Definitions

3 COUNTRY STATISTICS

4 OVERVIEW OF EMPLOYEE BENEFITS IN BELGIUM

5 REGULATIONS

6 STATE AND COMPULSORY BENEFITS

6.1 Retirement Benefits
  6.1.1 Introduction
  6.1.2 Eligibility
  6.1.3 Benefits
  6.1.4 Payment Options
  6.1.5 Contributions
6.2 Death Benefits
  6.2.1 Introduction
  6.2.2 Eligibility
  6.2.3 Benefits
  6.2.4 Payment Options
  6.2.5 Contributions
6.3 Long-Term Disability Benefits
  6.3.1 Introduction
  6.3.2 Eligibility
  6.3.3 Benefits
  6.3.4 Payment Options
  6.3.5 Contributions
6.4 Short Term Sickness Benefits
  6.4.1 Introduction
  6.4.2 Eligibility
  6.4.3 Benefits
  6.4.4 Payment Options
  6.4.5 Contributions
6.5 Medical Benefits
  6.5.1 Introduction
  6.5.2 Eligibility
  6.5.3 Benefits
  6.5.4 Payment Options
  6.5.5 Contributions
6.6 Workers’ Compensation Insurance
  6.6.1 Introduction
  6.6.2 Eligibility
  6.6.3 Benefits
  6.6.4 Payment Options
  6.6.5 Contributions
6.7 Maternity and Paternity Benefits
  6.7.1 Introduction
  6.7.2 Eligibility
  6.7.3 Benefits
  6.7.4 Payment Options
  6.7.5 Contributions
6.8 Other Benefits
  6.8.1 Family Benefits
  6.8.2 Long Term Care Benefits
  6.8.3 Minimum Resources
  6.8.4 Unemployment Benefits
  6.8.5 Leaves and Holidays

7 PRIVATE BENEFITS

7.1 Retirement Benefits
7.2 Death Benefits
7.3 Disability Benefits
7.4 Medical Benefits
7.5 Accidental Death and Dismemberment Benefits

8 APPENDIX

8.1 Methodology
8.2 Contact GlobalData
8.3 About GlobalData
8.4 GlobalData’s Services
8.5 Disclaimer

LIST OF TABLES

Table 1: Insurance Industry Definitions
Table 2:Belgium- Country Statistics
Table 3: Employee Notice Period
Table 4: Belgium-Pension Bonus for Career Years from January 1, 2014
Table 5: Maternity Benefits
Table 6: Basic Allowance
Table 7: Monthly Age Supplements
Table 8: Social Supplements
Table 9: Special monthly allowances for disabled children
Table 10: Young Unemployed Benefits
Table 11: Belgium-Public Holidays 2020

LIST OF FIGURES

Figure 1: Belgium - Main Institutions of Social Security System


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