Employee Benefits in Malta 2021

The Maltese economy is one of the smallest in the EU. Employee benefits in Malta can be broadly classified into two types: social security benefits and private benefits. The Maltese social security system covers the entire population and plays a vital role in the country’s welfare system. Almost all employers in Malta offer additional benefits to their employees to motivate and retain them.

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

Key Highlights

• Malta's pension system comprises three pillars
• Pillar I is the public pension system, which is a combination of a contributory scheme and a non-contributory scheme
• A universal ‘pay-as-you-go’ process is provided by this scheme
• Pillar II is the voluntary occupational pension system provided by employers to the employees and based on DC schemes
• The main benefits of the Maltese social security system are retirement, disability, sickness, death, workmen’s compensation, maternity, family, unemployment, health, long-term care, and minimum resources benefits
• Medical benefits are provided through packaged group health and life insurance policy or only group health insurance policy for employees of an organization and sometimes their dependents also

Scope

This report provides a detailed analysis of employee benefits in Malta:

• 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, workmen's 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 Malta

Reasons to Buy

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