Employee Benefits in Hungary 2021

Employee Benefits in Hungary 2021

Summary

The Hungarian social security system is based on the fundamental principle of solidarity, and both employers and employees contribute. Self-employed persons also make full contributions and are entitled to receive benefits under the system. In addition to the social security benefits, several benefits such as a supplementary pension, healthcare benefit, unemployment benefit, disability, and death benefits are provided by private employers in Hungary.

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

Key Highlights

- The Ministry for National Economy (Nemzetgazdasgi Minisztrium) administers the unemployment insurance system
- The National Health Insurance Fund (Orszgos Egszsgbiztostsi Pnztr) administers cash sickness benefits (tappenz), maternity benefits (TGYAS) and child-care fee (GYED)
- Hungarian State Treasury (Magyar llamkincstr) is responsible for administering family allowance (csaladi potlek) and social childcare fee
- Hungary has a compulsory health care system and coverage is universal

Scope

This report provides a detailed analysis of employee benefits in Hungary -
- 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, long-term care benefits, leave and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Belgium

Reasons to Buy

- Make strategic decisions using in-depth information related to employee benefits in the country
- Assess employee benefits of the market, including state and compulsory benefits and private benefits
- Gain insights into the key employee benefit schemes offered by private employers in the country
- Gain insights into key organizations governing employee benefits market, 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 Hungary
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 in Service
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 Workmens 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
7.6 Other Benefits
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List Of Tables


Table 1: Insurance Industry Definitions
Table 2: Hungary - Country Statistics
Table 3: Hungary - Pension (Based on Monthly Salary)
Table 4: Hungary - Pension Amounts (Percentage of Monthly Salary)
Table 5: Hungary - Pension (Based on Monthly Salary)
Table 6: Hungary - Disability Benefits
Table 7: Hungary - Family Allowance Per Month (2020)
Table 8: Hungary - Basic Leave
Table 9: Hungary - Additional Vacation Leaves
Table 10: Hungary-Public Holidays 2021

List Of Figures


Figure 1: Hungary- Main Institutions of Social Security System

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