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Employee Benefits in Italy 2020

October 2020 | 50 pages | ID: E6B69DC1A5DFEN
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Employee Benefits in Italy 2020

SUMMARY

Italy’s social security system is based on the constitution of 1947 and plays an important role in providing social security benefits to Italians. State and private benefits which are prominent in Italy cover most of the population. All workers performing a gainful activity in the Italian territory are compulsorily covered by social security insurance. Contributions to the social security system are made by employees, employers, and through general taxes. Life expectancy in Italy has increased over the last three decades, resulting in a rise in the elderly population. Due to the recent debt crisis in Europe, government spending on pensions has become a financial burden. In response, several reforms have been made to ensure a better social welfare system for future generations.
The report provides in-depth industry analysis, information and insights of the employee benefits in Italy, including: overview of the state and compulsory benefits in Italy, detailed information about the private benefits in Italy, 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 Italy.

KEY HIGHLIGHTS
  • The Istituto Nazionale per la Previdenza Sociale (INPS) and Istituto Nazionale per l’Assicurazione contro gli Infortunisul Lavoro (INAIL) is 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 Italy, employers provide voluntary retirement benefits to their employees through open and closed policies.
SCOPE

This report provides a detailed analysis of employee benefits in Italy -
  • 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, long-term care benefits, minimum resources, leave and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Italy
REASONS TO BUY
  • Make strategic decisions using in-depth information related to employee benefits in Italy.
  • Assess Italy’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 Italy.
  • Gain insights into key organizations governing Italy’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 STATISTIC

4 OVERVIEW OF EMPLOYEE BENEFITS IN ITALY

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 in Service
  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 Workmen’s 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 Unemployment Benefits
  6.8.2 Family Benefits
  6.8.3 Long-Term Care Benefits
  6.8.4 Minimum Resources
  6.8.5 Leaves and Holidays

7 PRIVATE BENEFITS

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

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: Italy - Country Statistics
Table 3: Italy - Contribution Requirements for Early Retirement
Table 4: Italy - Employee and Employer Contributions
Table 5: Italy - Employee and Employer Contributions
Table 6: Italy - Employee and Employer Contributions
Table 7: Italy - Employee and Employer Contributions
Table 8: Italy - Fixed National and Public Holidays 2020

LIST OF FIGURES

Figure 1: Italy - Main Institutions of Social Security System


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