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.
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 benefits, unemployment benefits, disability benefits, and death benefits, are provided by private employers in Hungary.
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 benefits, unemployment benefits, disability benefits, and death benefits, are provided by private employers in Hungary.
Key Highlights
- The Ministry for National Economy, the National Health Insurance Fund, the Hungarian State Treasury, the Central Administration of National Pension Insurance, the National Tax and Customs Administration, and the Pension Disbursement Directorate are responsible for the functioning of the overall social security system in Hungary.
- 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.
- In Hungary, employer-provided voluntary occupational pension plans are not prevalent in the country; however, few employers provide supplementary pensions to their employees in the form of voluntary pension funds, pension insurance, or retirement savings accounts.
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, Long-Term Disability Benefits, Short-Term Sickness Benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, leaves and holidays and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Hungary
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. Overview of Employee Benefits in Hungary5. Regulations
2. Introduction
6. State and Compulsory Benefits
7. Private Benefits
List of Tables
