Employee Benefits in Czech Republic, 2020 Update

Employee Benefits in Czech Republic, 2020 Update



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.

The report provides in-depth industry analysis, information and insights of the employee benefits in Czech Republic, including: overview of the state and compulsory benefits in Czech Republic, detailed information about the private benefits in Czech Republic, 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 Czech Republic.

Key Highlights

- State and compulsory benefits include all mandatory benefits to be provided to employees. In the Czech Republic, the state and compulsory benefits comprise pension insurance, sickness insurance, and state social support. Act No. 582/1991Coll. regulates the social security benefits in the country.
- The Czech pension system is composed of two pillars: Compulsory basic pension insurance, and complementary pension insurance.
- The compulsory basic pension insurance is universal. It is provided to all economically active employees in the form of a defined-benefit (DB) plan and is financed on a pay-as-you-go basis.
- In Czech Republic, employers provide voluntary retirement benefits to their employees through voluntary insurance contracts

Scope

This report provides a detailed analysis of employee benefits in 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, 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 Czech Republic

Reasons to Buy

- Make strategic decisions using in-depth information related to employee benefits in Czech Republic.
- Assess Czech Republics employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Czech Republic.
- Gain insights into key organizations governing Czech Republics employee benefits, and their impact on companies.

1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
3 COUNTRY STATISTICS
4 OVERVIEW OF EMPLOYEE BENEFITS IN CZECH REPUBLIC
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 Benefits
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 Workers 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 Family Benefits
6.8.2 Long Term Care Benefits
6.8.3 Minimum Resources
6.8.4 Unemployment Benefits
6.8.5 Leaves and Holidays
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: Insurance Industry Definitions
Table 2:the Czech Republic- Country Statistics
Table 3:Retirement Age for Women Depending on Number of Children Raised
Table 4: Czech Republic - Qualifying Period for Long-term Disability Benefit
Table 5: Czech Republic - Degree of Disability
Table 6: Czech Republic - Personal Assessment Base Determination
Table 7: Czech Republic - Widow or Widower Pension Benefits
Table 8: Czech Republic - Orphans Pension Benefits
Table 9: Czech Republic - Minimum Pension
Table 10: Czech Republic - Personal Assessment Base for Long-term Disability Benefits
Table 11: Czech Republic - Child Allowance
Table 12: Czech Republic - Levels of Dependency
Table 13: Czech Republic - Benefits In-Kind
Table 14: Czech Republic - Care Allowances
Table 15: Czech Republic-Public Holidays 2020

List Of Figures

Figure 1: Czech Republic- Main Institutions of Social Security System

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