Analysis of Lithuania Employee Benefits Industry Synopsis The report provides in-depth industry analysis, information and insights into employee benefits in Lithuania, including: An overview of state and compulsory benefits in Lithuania Detailed information about private benefits in Lithuania Insights into the various central institutions responsible for the administration of the different branches of social security The regulatory framework and recent regulations relating to Lithuanian employee benefits Summary Lithuania inherited a Soviet-style pension system with characteristics such as generous early retirement provisions, privileges for certain occupational groups, and a weak link between contributions and benefits. The economic crisis in the 1990s forced the Lithuanian government to undertake pension system reforms in 1995. The reforms were intended to make changes in the State Social Pension Insurance (first pillar), enhance the stability of the system by eliminating the generous early retirement provisions, and create a strong link between contributions and benefits. In 2004, the second and third pillars - funded schemes and supplementary pension provisions - were introduced. In principle, all employees in Lithuania are covered by the social security system, but the actual coverage rate is only 83% of the workforce. To receive a full pension, individuals must satisfy 30 years of insured status and the minimum qualifying period is 15 years. Individuals who are unable to reach the minimum qualifying period are eligible for a social assistance pension, which is equal to 90% of the basic pension. Complete Report Available at http://marketreportsstore.com/employee-benefits-in-lithuania/ Scope This report provides a detailed analysis of employee benefits in Lithuania: 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 Lithuania Key highlights The Lithuanian social security system covers a large proportion of the population, and plays a significant role in the country's employee benefits market The social security system consists of eleven branches Both social security and private employee benefits are popular in Lithuania
Private benefits provide access to a range of services that improve employees' quality of life Private employers in Lithuania only began offering supplementary benefits to employees from 2004, covering just 0.1% of the country's total labor force Reasons to buy Make strategic decisions using in-depth information related to Lithuanian employee benefits Assess the Lithuanian employee benefits market, including state and compulsory benefits and private benefits Gain insights into the key employee benefit schemes offered by private employers in Lithuania Gain insights into key regulations governing Lithuanian employee benefits, and their impact on companies Inquire before buying a copy of the report at http://marketreportsstore.com/inquire-beforebuying/?rname=18118 Analysis of Latvia Employee Benefits Industry Synopsis The report provides in-depth industry analysis, information and insights of the employee benefits in Latvia, including: An overview of the state and compulsory benefits in Latvia Detailed information about the private benefits in Latvia Insights into various central institutions responsible for the administration of the different branches of social security The regulatory framework and recent regulations of the Latvian employee benefits Summary The social security system in Latvia is classified into three categories: state social insurance, social assistance, and the social service system. The state social insurance system covers legislation on social insurance, maternity and sickness insurance, state pensions, mandatory social insurance against accidents, and insurance against unemployment. Social assistance and the social service system are regulated by the Law on State Social Benefits and Law on Social Services and Social Assistance. The Latvian pension system is divided into three pillars: the first is a notional defined-contribution (DC) system which works on pay-as-you-go (PAYG) basis, the second is a funded mandatory pillar, and the third is a voluntary private occupational and individual pension system. Reformation of pensions began in Latvia in 1991, and it was the first Central and Eastern European country to restructure the first pillar of its pension system. Complete Report Available at http://marketreportsstore.com/employee-benefits-in-Latvia/ Scope
This report provides a detailed analysis of employee benefits in Latvia: 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 Latvia Key highlights The Latvian social security system covers a large proportion of the population, and plays a significant role in the country's employee benefits market The Latvian social security system is organized by the Ministry of Welfare and consists of 11 branches The voluntary private pillar in Latvia started its operations in 1998, and contributions to pension funds are directly made by participants or employers Only 5% of Latvian companies offer voluntary occupational schemes Reasons to buy Make strategic decisions using in-depth information related to Latvian employee benefits Assess the Latvian employee benefits market, including state and compulsory benefits and private benefits Gain insights into the key employee benefit schemes offered by private employers in Latvia Gain insights into key regulations governing Latvian employee benefits, and their impact on companies Inquire before buying a copy of the report at http://marketreportsstore.com/inquire-beforebuying?rname=18120