1. Market Research
  2. > Financial Services
  3. > Insurance
  4. > Pension Market Trends
Employee Benefits in Peru

Employee Benefits in Peru

  • February 2015
  • 46 pages
  • ID: 2693670

Summary

Table of Contents

Search Inside

Synopsis
The social security system in Peru is still undergoing significant change, with low social security contributions due to the informal nature of the labor market as most of the workers are self-employed and lack of information and valuation within the system. In the early 1990s, during the country’s financial crisis and the near-collapse of the Sistema Nacional de Pensions (state-run pension system or SNP), the social security system introduced the Sistema Privado de Pensions (private pension system, or SPP) to offer benefits in the event of old age, disability and death.

The SPP is administered by private entities – Administradora de Fondo de Pensions (pension fund administrators, or AFP). The SNP functions as a defined-benefit (DB) system and the SPP functions as a defined contribution (DC) system. The participation of private health contractors was promoted through a complementary scheme, under the supervision of the then Superintendent of Health Service Company (SEPS). The Comprehensive Health Insurance (SIS) was introduced in 2002 to provide universal cover for essential health services and income security to nationals. Peru enacted the Law of Universal Health Insurance in 2009. Later, the Ministry of Development and Social Inclusion (Ministerio del Desarrollo e inclusion Social, MIDIS) was created by Act No. 29792 on October 20, 2011. Private employee benefits are also slowly gaining popularity in the country.

Summary
The report provides in-depth industry analysis, information and insights into employee benefits in Peru, including:

- An overview of state and compulsory benefits in Peru

- Detailed information about private benefits in Peru

- Insights into various central institutions responsible for the administration of the different branches of social security

- The regulatory framework of employee benefits in Peru

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

- 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 and private benefits

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

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

- Assess Peru’s employee benefits market, including state and compulsory benefits and private benefits

- Gain insights into the key employee benefit schemes offered by private employers in Peru

- Gain insights into key organizations governing Peru’s employee benefits, and their impact on companies

Key Highlights
- Peru’s social security system underwent major changes in 1990. An Individual Capitalization Funding System was introduced by the Private Pension System (Sistema Privado de Pensions – SPP) for the provision of old-age, disability or death benefits.

- The main challenges for the Peru's social security system are the aging population, improvement in coordination and integration of contributory and non-contributory schemes, an increase in social security cover, and the institutionalization of contributory unemployment insurance.

- In Peru, many private companies provide a range of compensations and benefits to employees, including private pensions, medical cover, life and disability cover.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Amrita helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
Pension Funding in the UK - Industry Market Research Report

Pension Funding in the UK - Industry Market Research Report

  • $ 680
  • Industry report
  • December 2017
  • by Ibisworld

Growing interest: Automatic enrolment has driven expansion over the past five yearsAbstractPension Funding in the UKThe Pension Funding industry provides retirement benefits for people no longer earning ...

Third Party Administration of Insurance and Pension Funds - The 2018 U.S. Market Research Report (Covers 2008-2021)

Third Party Administration of Insurance and Pension Funds - The 2018 U.S. Market Research Report (Covers 2008-2021)

  • $ 195
  • Industry report
  • January 2018
  • by Kentley Insights

The 2018 Market Research Report on Third Party Administration of Insurance and Pension Funds is an in-depth evaluation of the industry and will provide you with the key insights, trends and benchmarks ...

Aging Populations - Overcoming the challenges of a world with a depleted workforce and elderly populace

Aging Populations - Overcoming the challenges of a world with a depleted workforce and elderly populace

  • $ 1495
  • Industry report
  • May 2017
  • by MarketLine

Aging Populations - Overcoming the challenges of a world with a depleted workforce and elderly populaceSummaryThe world’s population is growing old and some of the world’s most powerful economies are ...

UK Pensions Market 2017 $ 3450 June 2017


ref:plp2015

Reportlinker.com © Copyright 2018. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.