Employee Benefits in Greece 2020

Employee Benefits in Greece 2020



Greece has one of the most developed and comprehensive welfare systems in the world. The Greek government provides various social insurance and assistance schemes including insurance cover for the elderly, disability, sickness, unemployment, and survivors pension schemes. However, social assistance schemes are not provided to elderly people and repatriated citizens, who receive other public welfare services. Greek private employers also offer various benefits to employees including mobile phone benefits, gift vouchers, and stock options.

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

Key Highlights

- Greek social security institutions do not have a common legislation, and their implementation varies on the basis of eligibility criteria and benefits
- Employees contributions are a percentage of their salary and are deducted from employees pay by the employer.
- The employers contribution is also a part of the employees salary, which is added to the wage bill. IKA-ETAM is in charge of collecting these contributions, while sickness benefits contributions collected by EPOYY.
- In Greece, employers provide voluntary retirement benefits to their employees through voluntary insurance contracts

Scope

This report provides a detailed analysis of employee benefits in Greece -
- 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 Greece

Reasons to Buy

- Make strategic decisions using in-depth information related to employee benefits in Greece.
- Assess Greeces employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Greece.
- Gain insights into key organizations governing Greeces 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 GREECE
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: Greece - Country Statistics
Table 3: Greece - Child Benefits 2020
Table 4: Greece - Public Holidays 2020

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