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Estonia Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2022 Update

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    Report

  • 46 Pages
  • July 2022
  • Region: Estonia
  • GlobalData
  • ID: 5654130
Estonia has a well-developed social security system that covers the risks of employees, self-employed persons, and their family members. The Estonian social protection system includes pension, health, and unemployment insurance. Pension and health insurance are financed by social taxes, while unemployment insurance is financed by contributions. General state revenues fund benefits for disabled individuals, the national pension, death grants, and family benefits. The Ministry of Social Affairs is accountable for social security, social care, and welfare. The main reforms of the Estonian pension system took place in the late 1990s. In 1999, the first pillar (state pension insurance schemes) was restructured, the second pillar (compulsory funded pension schemes) was introduced in 2002, and the third pillar (private pension schemes) was established in 1998. The private companies in Estonia offer private pension programs to employees

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

Key Highlights

  • The Estonian Health Insurance Fund Act 2000, State Pension Insurance Act 2001, and Labor Market Services and Benefits Act 2006 organizations 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 credited contribution.
  • In Estonia, employers provide voluntary retirement benefits to their employees through occupational pension schemes, master trust and automatic enrollment.

Scope

This report provides a detailed analysis of employee benefits in Estonia:
  • 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, grant-in-aid, social relief distress, compensation, leaves and holidays and private benefits
  • It highlights the economic and regulatory situations relating to employee benefits in Estonia

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 Summary
2. Introduction
2.1 What is this Report about?
2.2 Definitions
3. Country Statistics4. Overview of Employee Benefits in Estonia5. Regulations
6. State and Compulsory Benefits
6.1 Retirement Benefits
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
6.2 Death in Service
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
6.3 Long-Term Disability Benefits
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
6.4 Short-Term Sickness Benefits
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
6.5 Medical Benefits
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
6.6 Workers’ Compensation insurance
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
6.7 Maternity and Paternity Benefits
  • Introduction
  • Eligibility
  • Benefits
  • Payment options
  • Contribution
6.8 Other Benefits
  • Family Benefits
  • Unemployment benefits
  • Long - term care Benefits
  • Minimum Resources Benefits
  • 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 and Dismemberment Benefits
7.6 Other Benefits
  • About the Publisher
  • Contact the Publisher
List of Tables
Table 1: Insurance Industry Definitions
Table 2: Estonia - Country Statistics, 2020
Table 3: Estonia - Social Benefits to people with disabilities
Table 4: Estonia - Long-term Care Benefits in Kind
Table 5: Estonia - Notice period, 2022
Table 6: Estonia - Fixed National and Public Holidays, 2022