Poland 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, 2023 Update

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

Poland has a well-developed social security system that covers the risks of employees, self-employed persons, and their family members. Poland has two special insurance schemes:
The Social Insurance Institution (Zaklad Ubezpieczen Spolecznych-ZUS), established on October 24, 1934.

The Agricultural Social Insurance Fund (Kasa Rolniczego Ubezpieczenia Spolecznego-KRUS).

ZUS is the Polish state organization responsible for the social insurance benefits of employees, and KRUS is the Polish social insurance fund that provides benefits to farmers. ZUS is supervised by the Ministry of Family and Social Policy and is responsible for sickness and maternity cash benefits, as well as pensions for retirement, invalidity, survivors, accidents at work, and occupational diseases.

ZUS is also responsible for the collection of social insurance and health insurance contributions, as well as contributions to the Labour Fund (Fundusz Pracy) and the Guaranteed Employee Benefits Fund (Fundusz Gwarantowanych Swiadczen Pracowniczych). The pension system in Poland was reformed in 1999, which replaced the pay-as-you-go (PAYG) retirement system with a three-pillar retirement system, comprising Pension Institutions, Open Pension Funds, and Voluntary Occupational Pensions.

Key Highlights

• The Social Insurance Institution (Zaklad Ubezpieczen Spolecznych-ZUS), Open Pension Funds, Regional Health Funds, Social Welfare Institutions, Voivodeship and poviat Labor offices, The State Fund for the Rehabilitation of Disabled Persons(Panstwowy Fundusz Rehabilitacji Osób Niepelnosprawnych-PFRON), National Health Fund (NFZ), The Agricultural Social Insurance Fund, Polish Financial Supervision Authority (KNF) 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 a credited contribution
• In Poland, employers provide voluntary retirement benefits to their employees through occupational pension schemes, Individual Pension Plans (IKE), and Individual Retirement Security Accounts (IKZE)

Scope

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

• 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 benefit, Minimum resources, leaves and holidays and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in Poland

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