Employee Benefits in Austria 2020
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DESCRIPTION
Employee Benefits in Austria 2020
The Austrian social security system covers a large proportion of the population. The major principles upon which the system is based are statutory insurance, solidarity, and the self-administration of insurance providers. The main objectives of the Austrian labor market policy are to achieve full employment, keep older employees in work for longer, develop human resources, re-activate the unemployed, and combat the long-term unemployment. The country is one of the 12 richest in the world, in terms of GDP, and its unemployment rate is among the lowest in EU member states.
The report provides in-depth industry analysis, information and insights of the employee benefits in Austria, including: overview of the state and compulsory benefits in Austria, detailed information about the private benefits in Austria, 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 Austria.
Key Highlights
- The Main Association of the Social Security Institutions is responsible for the functioning of the overall social security system.
- There are 22 insurance funds responsible for the implementation of social insurance included in the association.
- The state pension system is a PAYG pensioners benefits scheme, funded by the contributions and taxes paid by actively working Austrians.
- In addition to the mandatory contributions to the statutory pension scheme, the majority of employers in Austria provide supplementary Occupation Pension plans.
Scope
This report provides a detailed analysis of employee benefits in Austria -
- 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, workmens 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 Austria
Reasons to Buy
- Make strategic decisions using in-depth information related to employee benefits in Austria.
- Assess Austrias employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Austria.
- Gain insights into key organizations governing Austrias employee benefits, and their impact on companies.
The Austrian social security system covers a large proportion of the population. The major principles upon which the system is based are statutory insurance, solidarity, and the self-administration of insurance providers. The main objectives of the Austrian labor market policy are to achieve full employment, keep older employees in work for longer, develop human resources, re-activate the unemployed, and combat the long-term unemployment. The country is one of the 12 richest in the world, in terms of GDP, and its unemployment rate is among the lowest in EU member states.
The report provides in-depth industry analysis, information and insights of the employee benefits in Austria, including: overview of the state and compulsory benefits in Austria, detailed information about the private benefits in Austria, 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 Austria.
Key Highlights
- The Main Association of the Social Security Institutions is responsible for the functioning of the overall social security system.
- There are 22 insurance funds responsible for the implementation of social insurance included in the association.
- The state pension system is a PAYG pensioners benefits scheme, funded by the contributions and taxes paid by actively working Austrians.
- In addition to the mandatory contributions to the statutory pension scheme, the majority of employers in Austria provide supplementary Occupation Pension plans.
Scope
This report provides a detailed analysis of employee benefits in Austria -
- 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, workmens 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 Austria
Reasons to Buy
- Make strategic decisions using in-depth information related to employee benefits in Austria.
- Assess Austrias employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Austria.
- Gain insights into key organizations governing Austrias employee benefits, and their impact on companies.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
3 COUNTRY STATISTICS
4 OVERVIEW OF EMPLOYEE BENEFITS IN AUSTRIA
5 REGULATIONS
6 STATE AND COMPULSORY BENEFITS
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 GlobalDatas Services
8.5 Disclaimer
List Of Tables
Table 1: Austria Minimum Pension Rates 2020
Table 2: Insurance Industry Definitions
Table3: Austria - Country Statistics
Table 4: Austria Minimum Pension Rates 2020
Table 5: Austrian State and Compulsory Benefits - Contribution of Employer and Employee
Table 6: Austrian State and Compulsory Benefits - Reference Rates for Equalization Supplement, 2020
Table 7: Austria Minimum Pension Rates 2020
Table 8: Austria Compensatory Allowance Rates 2020
Table 9: Austria Compensatory Pension Bonus 2020
Table 10: Austrian Family Benefits - Child Benefit According to Age, 2020
Table 11: Austrian Family Benefits - Child Benefit According to the Number of Children, 2020
Table 12: Austrian Long-Term Care - Categories and Benefits, 2020
Table 13: Austria Public Holidays 2020
List Of Figures
Figure 1:-Austria- Main Institutions of Social Security System
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