Employee Benefits in Italy

Published: Sep, 2014 | Pages: 57 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in-depth industry analysis, information and insights into employee benefits in Italy, including:
An overview of state and compulsory benefits in Italy
Detailed information about private benefits in Italy
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 employee benefits in Italy 

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 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. 
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 benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation, maternity and paternity benefits, family benefits, minimum resources, long-term care benefits, unemployment and private benefits
It highlights the economic and regulatory situations relating to employee benefits in Italy 
Reason To Buy
 Make strategic decisions using in-depth information related to Italian employee benefits 
Assess the Italian 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 regulations governing Italian employee benefits, and their impact on companies 
Key Highlights
 Italy's social security system is based on the constitution of 1947, and plays an important role in providing social security benefits to Italians.
The state and compulsory system comprises benefits such as old-age pension, survivor, long-term care, sickness, medical care, unemployment, maternity, paternity, workmen compensation, and family benefits.
The private health benefits provided are supplementary policies for Italians who are covered under the SSN. 
Motives for providing private benefits are to motivate employees and improve their performance

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
3 Country Statistics
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 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 Introduction
6.9.2 Eligibility
6.9.3 Benefits
6.9.4 Payment options
6.9.5 Taxation
6.1 Long-Term Care Benefits
6.10.1 Introduction
6.10.2 Eligibility
6.10.3 Benefits
6.10.4 Payment options
6.10.5 Taxation
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 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 by key sectors
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$-EUR
8.1.8 Unemployment rate
8.1.9 Gross tiol disposable income
8.1.10 Household consumption expenditure
8.2 Demographics
8.2.1 Total population
8.2.2 Labor force
8.2.3 Urban and rural populations
8.2.4 Age distribution
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Disclaimer


List of Tables
Table 1: Definitions
Table 2: Italy - Country Statistics
Table 3: Italy - Contribution Requirements for Early Retirement, 2014
Table 4: Italy - Age Requirements for Female Employees in the Private Sector, 2014
Table 5: Italy - Earnings-Based Calculation, 2014
Table 6: Italy - Amount of Benefits for Survivors, 2014
Table 7: Italy - Employee and Employer Contributions, 2014
Table 8: Italy - Indemnity Amount, 2014
Table 9: Italy - Employee and Employer Contributions, 2014
Table 10: Italy - Employee and Employer Contributions, 2014
Table 11: Italy - Employee and Employer Contributions, 2014
Table 12: Italy - Employee and Employer Contributions, 2014
Table 13: Italy - tiol Labor Contract for Industrial Executives, 2014