The report provides in-depth industry analysis, information, and insights of the employee benefits in Slovakia, including an overview of the state and compulsory benefits in Slovakia, detailed information about the private benefits in Slovakia, 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 Slovakia.
Following independence in 1993, the Slovak government reformed taxation, healthcare, pensions, and the social welfare system. These reforms helped the government to consolidate the budget and move towards joining the EU in 2004. The country also introduced several investor-friendly policies - including labor market liberalization and a flat 19% tax regime-which encouraged global investors to participate in the country’s economy until 2008: particularly in the automotive and electronic sectors.
Following independence in 1993, the Slovak government reformed taxation, healthcare, pensions, and the social welfare system. These reforms helped the government to consolidate the budget and move towards joining the EU in 2004. The country also introduced several investor-friendly policies - including labor market liberalization and a flat 19% tax regime-which encouraged global investors to participate in the country’s economy until 2008: particularly in the automotive and electronic sectors.
Key Highlights
- Ministry of Labor, Social Affairs and Family (Ministerstvo práce, sociálnych vecí a rodiny), Ministry of Health (Ministerstvo zdravotníctva), and Ministry of Finance (Ministerstvo financií) are responsible for the functioning of the overall social security system.
- A person’s national insurance contribution is determined based on their income.
- An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to a credited contribution.
- Life insurance companies or pension fund management companies (PFMCs) offer solutions under the individual account system in Slovakia.
Report Scope
This report provides a detailed analysis of employee benefits in Slovakia:
- 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 benefits, long-term care benefits, minimum resource benefits, leaves and holidays, and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Slovakia
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
Table of Contents
1. Executive Summary3. Country Statistics4. Overview5. Regulations
2. Introduction
6. State and Compulsory Benefits
7. Private Benefits
List of Tables
