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Employee Benefits in Greece

  • March 2015
  • -
  • Timetric
  • -
  • 60 pages

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

Summary
Greece has one of the most developed and comprehensive welfare systems in the world. The Greek government provides various social insurance and assistance schemes including insurance cover for the elderly, disability, sickness, unemployment and survivors’ pension schemes. However, social assistance schemes are not provided to elderly people and repatriated citizens, who receive other public welfare services. Greek private employers also offer various benefits to employees including mobile phone benefits, gift vouchers and stock options.

Scope
This report provides a detailed analysis of employee benefits in Greece:

- 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, short-term sickness benefits, medical benefits, workmen's compensation insurance, Maternity and paternity benefits, family benefits, minimum resources, long-term care benefits, unemployment benefits and private benefits

- It highlights the economic and regulatory situations relating to employee benefits in Greece

Reasons To Buy
- Make strategic business decisions using in-depth information related to Greece employee benefits

- Assess Greece employee benefits market including state and compulsory benefits and private benefits

- Gain insights into the key employee benefits schemes offered by the private employers in Greece

- Gain insights into key regulations governing Greece employee benefits and its impact on companies

Key Highlights
- The Greek social security system is well developed and covers a large proportion of the population. The system also provides cover to citizens of other EU countries who work and live with their families in Greece.

- A number of laws are in place to govern the social security system, which is a self-governed institution that covers all employees and their families working in the country. The self-employed, civil servants, farmer, military personnel and lawyers are also covered.

- Private benefits are provided by employers as supplements to mandatory statutory benefits. Employers can select the type and level of cover given to employees, and plans vary from company to company.

Table Of Contents

Employee Benefits in Greece
Table of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
3 Country Statistics
4 Overview of Employee Benefits in Greece
5 Regulations
6 State and Compulsory Benefits
6.1 Retirement Benefits
6.1.1 Introduction
6.1.2 Types of retirement plans
6.1.3 Eligibility
6.1.4 Age
6.1.5 Pensionable salary
6.1.6 Benefits
6.1.7 Payment options
6.1.8 Employee and employer contributions
6.1.9 Taxation
6.2 Death in Service
6.2.1 Introduction
6.2.2 Eligibility
6.2.3 Benefits
6.2.4 Payment options
6.2.5 Employee and employer contributions
6.2.6 Taxation
6.3 Long-term Disability Benefits
6.3.1 Introduction
6.3.2 Eligibility
6.3.3 Benefits
6.3.4 Payment options
6.3.5 Employee and employer contributions
6.3.6 Taxation
6.4 Short-term Sickness Benefits
6.4.1 Introduction
6.4.2 Eligibility
6.4.3 Benefits
6.4.4 Payment options
6.4.5 Employee and employer contributions
6.4.6 Taxation
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Payment options
6.5.5 Typical employer practice
6.5.6 Employee and employer contributions
6.6 Workmen's Compensation
6.6.1 Introduction
6.6.2 Eligibility
6.6.3 Benefits
6.6.4 Payment options
6.6.5 Employee and employer contributions
6.6.6 Taxation
6.7 Maternity and Paternity Benefits
6.7.1 Introduction
6.7.2 Eligibility
6.7.3 Benefits
6.7.4 Payment options
6.7.5 Typical employer practice
6.7.6 Employee and employer contributions
6.7.7 Taxation
6.8 Family Benefits
6.8.1 Introduction
6.8.2 Eligibility
6.8.3 Benefits
6.8.4 Typical employer practice
6.8.5 Payment options
6.8.6 Employee and employer contributions
6.8.7 Taxation
6.9 Minimum Resources
6.9.1 Introduction
6.9.2 Eligibility
6.9.3 Benefits
6.9.4 Payment options
6.9.5 Employee and employer contributions
6.9.6 Taxation
6.1 Long-term Care Benefits
6.10.1 Introduction
6.10.2 Eligibility
6.10.3 Benefits
6.10.4 Payment options
6.10.5 Employee and employer contributions
6.10.6 Taxation
6.11 Unemployment
6.11.1 Introduction
6.11.2 Eligibility
6.11.3 Benefits
6.11.4 Payment options
6.11.5 Typical employer practice
6.11.6 Employee and employer contributions
6.11.7 Taxation
7 Private Benefits
7.1 Retirement Benefits
7.2 Disability Benefits
7.3 Death Benefits
7.4 Medical and Health Benefits
7.5 Other Benefits
8 Economic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices
8.1.2 GDP per capita at constant prices
8.1.3 GDP at current prices
8.1.4 GDP per capita at current prices
8.1.5 GDP by key sectors
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$-EUR
8.1.8 Unemployment rate
8.1.9 Household consumption expenditure
8.1.10 Gross national disposable income
8.2 Demographics
8.2.1 Labor force
8.2.2 Urban and rural populations
8.2.3 Total population
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Definitions
Table 2: Greece - Country Statistics
Table 3: Greek Employee Benefits - Recent Amendments and Regulations
Table 4: Greek Social Solidarity Contribution - Deductible Rates for Retirement, Disability, Workmen's Compensation and Survivor's Benefits
Table 5: Greek Social Solidarity Contribution - Deductible Rates for Retirement, Disability, Workmen's Compensation and Survivor's Benefits (Pensioners Aged Below 60 Years)
Table 6: Greek Social Solidarity Contribution - Deductible Rates for Retirement, Disability, Workmen's Compensation and Survivor's Benefits (Pensioners Aged Below 55 Years)
Table 7: Greek Social Solidarity Contribution - Deductible Rates for Retirement, Disability, Workmen's Compensation and Survivor's Benefits
Table 8: Greek Long-term disability Benefits - Maximum Monthly Pensions (EUR)

List of Figures
Figure 1: Greek GDP at Constant Prices (US$ Billion), 2009-2013
Figure 2: Greek GDP Per Capita at Constant Prices (US$), 2009-2013
Figure 3: Greek GDP at Current Prices, (US$ Billions), 2009-2013
Figure 4: Greek GDP Per Capita at Current Prices (US$), 2009-2013
Figure 5: Greek GDP by Key Segments (%), 2009-2013
Figure 6: Greek Inflation Rate (%), 2009-2013
Figure 7: Greek Annual Average Exchange Rate US$-EUR, 2009-2013
Figure 8: Greek Unemployment Rate (%), 2009-2013
Figure 9: Greek Household Consumption Expenditure (US$ Billion), 2009-2013
Figure 10: Greek Gross National Disposable Income (US$ Billion), 2008-2012
Figure 11: Greek Size of Labor Force (Million), 2009-2013
Figure 12: Greek Urban and Rural Population (%), 2009-2013
Figure 13: Greek Total Population (Million), 2009-2013

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