Employee Benefits in the Czech Republic

Published: Sep, 2014 | Pages: 55 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


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

Summary
The Czech Republic has a well-developed social security system, and employers, employees and self-employed persons contribute to social security schemes. The Czech social security system is built on three pillars: compulsory social insurance, state social support system and social assistance. Compulsory social insurance covers pension insurance, health insurance and the national employment policy system. The non-contributory state social support system supports families with dependent children. The final pillar, tax-financed social assistance provides benefits to persons with disabilities, and assistance to those with insufficient income. The sickness insurance scheme is obligatory for employees, and voluntary for self-employed persons. Some groups such as students and women on maternity leave are insured without contributions, if certain conditions are met. 
Scope
This report provides a detailed analysis of employee benefits in the Czech Republic:
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, unemployment and private benefits
It highlights the economic and regulatory situations relating to employee benefits in the Czech Republic 
Reason To Buy
 Make strategic decisions using in-depth information related to Czech employee benefits
Assess the Czech employee benefits market, including state and compulsory benefits and private benefits
Gain insights into the key employee benefit schemes offered by private employers in the Czech Republic
Gain insights into key regulations governing the Czech employee benefits, and their impact on companies 
Key Highlights
 The Czech social security system covers a large proportion of the population, and plays a significant role in the country's employee benefits market
The Czech social security system is built on three pillars: compulsory social insurance, state social support system and social assistance
Both social security and private employee benefits are popular in the Czech Republic
Private benefits provide access to a range of services that improve employees' quality of life
In the Czech Republic, 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 the Czech Republic
5 Regulations
6 State and Compulsory Benefits
6.1 Retirement Benefits
6.1.1 Introduction
6.1.2 Eligibility
6.1.3 Age
6.1.4 Benefits
6.1.5 Payment options
6.1.6 Typical employer practice
6.1.7 Employee and employer contributions
6.1.8 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
6.6 Workmen's Compensation
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 Employee and employer contributions
6.9.6 Taxation
6.1 Unemployment
6.10.1 Introduction
6.10.2 Eligibility
6.10.3 Benefits
6.10.4 Payment options
6.10.5 Employee and employer contributions
6.10.6 Taxation
6.11 Long-term Care Benefits
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 Long-term Disability Benefits
7.3 Death Benefits
7.4 Short-term Sickness Benefits
7.5 Medical Benefits
7.6 Workmen's Compensation Insurance
7.7 Other Benefits
8 Economic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices (US$)
8.1.2 GDP per capita at constant prices (US$)
8.1.3 GDP at current prices (US$)
8.1.4 GDP per capita at current prices (US$)
8.1.5 GDP by key sector
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$ - CZK
8.1.8 Unemployment rate
8.1.9 Household consumption expenditure
8.1.10 Gross tiol disposable income
8.2 Demographics
8.2.1 Total population
8.2.2 Urban and rural populations
8.2.3 Labor force
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer


List of Tables
Table 1: Definitions
Table 2: Czech Republic - Country Statistics
Table 3: Czech Republic - Persol Assessment Base Determition
Table 4: Czech Republic - Widow or Widower Pension Benefits
Table 5: Czech Republic - Orphan's Pension Benefits
Table 6: Czech Republic - Minimum Pension
Table 7: Czech Republic - Qualifying Period for Long-term Disability Benefit
Table 8: Czech Republic - Degree of Disability
Table 9: Czech Republic - Persol Assessment Base for Long-term Disability Benefits
Table 10: Czech Republic - Child Allowance
Table 11: Czech Republic - Levels of Dependency
Table 12: Czech Republic - Benefits In Kind
Table 13: Czech Republic - Care Allowances