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Employee Benefits in the Czech Republic

  • September 2014
  • -
  • Timetric
  • -
  • 55 pages

The report provides in-depth industry analysis, information and insights of the employee benefits in the Czech Republic, including:
- An overview of the state and compulsory benefits in the Czech Republic
- Detailed information about the private benefits in the Czech Republic
- Insights into various central institutions responsible for the administration of the different branches of social security
- The regulatory framework and recent regulations concerning Czech employee benefits

The Czech Republic has a well-developed social security system, and employers, employees and self-employed persons contribute to social security schemes. The Czech social security system is built on three pillars: compulsory social insurance, state social support system and social assistance. Compulsory social insurance covers pension insurance, health insurance and the national employment policy system. The non-contributory state social support system supports families with dependent children. The final pillar, tax-financed social assistance provides benefits to persons with disabilities, and assistance to those with insufficient income. The sickness insurance scheme is obligatory for employees, and voluntary for self-employed persons. Some groups such as students and women on maternity leave are insured without contributions, if certain conditions are met.

This report provides a detailed analysis of employee benefits in the Czech Republic:
- 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 benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen’s compensation, maternity and paternity benefits, family benefits, minimum resources, unemployment and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in the Czech Republic

Reasons To Buy
- Make strategic decisions using in-depth information related to Czech employee benefits
- Assess the Czech employee benefits market, including state and compulsory benefits and private benefits
- Gain insights into the key employee benefit schemes offered by private employers in the Czech Republic
- Gain insights into key regulations governing the Czech employee benefits, and their impact on companies

Key Highlights
- The Czech social security system covers a large proportion of the population, and plays a significant role in the country’s employee benefits market
- The Czech social security system is built on three pillars: compulsory social insurance, state social support system and social assistance
- Both social security and private employee benefits are popular in the Czech Republic
- Private benefits provide access to a range of services that improve employees’ quality of life
- In the Czech Republic, increasing life expectancy is forcing many companies to offer a lump-sum amounts rather than monthly pensions, to keep benefit costs under control
-The recent debt crisis in European Union (EU) member states had an adverse impact on the employee benefits market

Table Of Contents

Employee Benefits in the Czech Republic
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 the Czech Republic
5 Regulations
6 State and Compulsory Benefits
6.1 Retirement Benefits
6.1.1 Introduction
6.1.2 Eligibility
6.1.3 Age
6.1.4 Benefits
6.1.5 Payment options
6.1.6 Typical employer practice
6.1.7 Employee and employer contributions
6.1.8 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 Typical employer practice
6.2.6 Employee and employer contributions
6.2.7 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 Typical employer practice
6.3.6 Employee and employer contributions
6.3.7 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 Typical employer practice
6.4.6 Employee and employer contributions
6.4.7 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 Typical employer practice
6.6.6 Employee and employer contributions
6.6.7 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 Employee and employer contributions
6.7.6 Taxation
6.8 Family Benefits
6.8.1 Introduction
6.8.2 Eligibility
6.8.3 Benefits
6.8.4 Payment options
6.8.5 Employee and employer contributions
6.8.6 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 Unemployment
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 Long-term Care Benefits
6.11.1 Introduction
6.11.2 Eligibility
6.11.3 Benefits
6.11.4 Payment Options
6.11.5 Employee and employer contributions
6.11.6 Taxation
7 Private Benefits
7.1 Retirement Benefits
7.2 Long-term Disability Benefits
7.3 Death Benefits
7.4 Short-term Sickness Benefits
7.5 Medical Benefits
7.6 Workmen's Compensation Insurance
7.7 Other Benefits
8 Economic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices (US$)
8.1.2 GDP per capita at constant prices (US$)
8.1.3 GDP at current prices (US$)
8.1.4 GDP per capita at current prices (US$)
8.1.5 GDP by key sector
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$ - CZK
8.1.8 Unemployment rate
8.1.9 Household consumption expenditure
8.1.10 Gross national disposable income
8.2 Demographics
8.2.1 Total population
8.2.2 Urban and rural populations
8.2.3 Labor force
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: Czech Republic - Country Statistics
Table 3: Czech Republic - Personal Assessment Base Determination
Table 4: Czech Republic - Widow or Widower Pension Benefits
Table 5: Czech Republic - Orphan's Pension Benefits
Table 6: Czech Republic - Minimum Pension
Table 7: Czech Republic - Qualifying Period for Long-term Disability Benefit
Table 8: Czech Republic - Degree of Disability
Table 9: Czech Republic - Personal Assessment Base for Long-term Disability Benefits
Table 10: Czech Republic - Child Allowance
Table 11: Czech Republic - Levels of Dependency
Table 12: Czech Republic - Benefits In Kind
Table 13: Czech Republic - Care Allowances

List of Figures
Figure 1: Primary Acts of the Czech Social Security System
Figure 2: Czech GDP at Constant Prices (US$ Billion), 2008-2012
Figure 3: Czech GDP Per Capita at Constant Prices (US$), 2008-2012
Figure 4: Czech GDP at Current Prices (US$ Billion), 2008-2012
Figure 5: Czech GDP Per Capita at Current Prices (US$), 2008-2012
Figure 6: Czech GDP by Key Sector (%), 2008-2012
Figure 7: Czech Inflation Rate (%), 2007-2013
Figure 8: Czech Annual Average Exchange Rate (US$-EUR), 2008-2012
Figure 9: Czech Unemployment Rate (%), 2008-2012
Figure 10: Czech Household Consumption Expenditure (Billions), 2008-2012
Figure 11: Czech Gross National Disposable Income (US$ Billion), 2008-2012
Figure 12: Czech Total Population (Million), 2008-2012
Figure 13: Czech Urban and Rural Populations (%), 2008-2012
Figure 14: Size of the Czech Labor Force (Million), 2008-2012

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