Employee Benefits in Belgium

Published: Jun, 2014 | Pages: 64 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in-depth industry analysis, information and insights into employee benefits in Belgium, including:
An overview of state and compulsory benefits in Belgium
Detailed information about private benefits in Belgium
Insights into the various central institutions responsible for the administration of the different branches of social security 
The regulatory framework and recent regulations relating to Belgian employee benefits  

Summary
The Belgian social security system covers a large proportion of the population, and plays a significant role in the country's employee benefits market. However, the recent debt crisis in 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 has been 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.  
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 benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, minimum resources, annual vacations, unemployment and private benefits
It highlights the economic and regulatory situations relating to employee benefits in Belgium 
Reason To Buy
 Make strategic decisions using in-depth information related to Belgian employee benefits
Assess the Belgian 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 regulations governing Belgian employee benefits, and their impact on companies  
Key Highlights
 The Belgian social security system covers a large proportion of the population, and plays a significant role in the country's employee benefits market
The social security system consists of seven branches, which form the pillars of the social security system
Both social security and private employee benefits are popular in Belgium
Private benefits provide access to a range of services that improve employees' quality of life
In Belgium, increasing life expectancy is forcing many companies to offer a lump-sum amounts rather than monthly pensions, to keep benefit costs under control
The recent debt crisis in European Union (EU) member states had an adverse impact on the employee benefits market

 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 Types of retirement plan
6.1.3 Eligibility
6.1.4 Age
6.1.5 Pensioble salary
6.1.6 Benefits
6.1.7 Payment options
6.1.8 Typical employer practice
6.1.9 Employee and employer contributions
6.1.10 Taxation
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 Typical employer practice
6.2.6 Employee and employer contributions
6.2.7 Taxation
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 Typical employer practice
6.3.6 Employee and employer contributions
6.3.7 Taxation
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 Typical employer practice
6.4.6 Employee and employer contributions
6.4.7 Taxation
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Payment options
6.5.5 Typical employer practice
6.5.6 Employee and employer contributions
6.5.7 Taxation
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 Typical employer practice
6.6.6 Employee and employer contributions
6.6.7 Taxation
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 Employee and employer contributions
6.7.6 Taxation
6.8 Family Benefits
6.8.1 Introduction
6.8.2 Eligibility
6.8.3 Benefits
6.8.4 Payment options
6.8.5 Employee and employer contributions
6.8.6 Taxation
6.9 Minimum Resources
6.9.1 General System
6.9.2 Guarantee of income for elder persons
6.9.3 Disabled persons allowances
6.9.4 Benefits
6.1 Annual Vacations
6.10.1 Introduction
6.10.2 Blue-collar workers, apprentice workers and artists
6.10.3 White-collar and apprentice employees
6.10.4 Civil servants
6.11 Unemployment
6.11.1 Introduction
6.11.2 Eligibility
6.11.3 Benefits
6.11.4 Payment Options
6.11.5 Employee and employer contributions
6.11.6 Taxation
7 Private Benefits
7.1 Retirement Benefits
7.2 Disability Benefits
7.3 Death Benefits
7.4 Medical and Health Benefits
7.5 Other Benefits
8 Macroeconomic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices (US dollars)
8.1.2 GDP per capita at constant prices (US dollars)
8.1.3 GDP at current prices (US dollars)
8.1.4 GDP per capita at current prices (US dollars)
8.1.5 GDP split by key sectors
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$-EUR
8.1.8 Labor force
8.1.9 Unemployment rate
8.1.10 Gross tiol disposable income
8.1.11 Total population
8.1.12 Life expectancy at birth (years)
8.1.13 Urban and rural populations
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Turmeric's Services
9.5 Disclaimer


List of Tables
Table 1: Definitions 
Table 2: Belgium - Country Statistics 
Table 3: Employee Notice Period 
Table 4: Early Retirement 
Table 5: Maternity Benefits 
Table 6: Civil Servants' Age Criteria for Annual Vacation 
Table 7: Employee Contributions 
Table 8: Disability Benefits