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Employee Benefits in Hungary, 2020 Update

Employee Benefits in Hungary, 2020 Update

Summary

The Hungarian social security system is based on the fundamental principle of solidarity, and both employers and employees contribute. Self-employed persons also make full contributions and are entitled to receive benefits under the system. In addition to the social security benefits, a number of benefits such as a supplementary pension, healthcare benefit, unemployment benefit, disability, and death benefits are provided by private employers in Hungary.

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

Key Highlights

- The EEM administers statutory social insurance schemes including pension insurance and health insurance (including the statutory work accident system) in Hungary
- It also manages and governs other branches of a social security system including a family support system and social assistance system.
- The Hungarian State Treasury is a central budget organization and is an independent legal entity, which operates under the Ministry of National Economy. It is liable to look after the financing and regulatory functions during the implementation
- In Hungary, employers provide voluntary retirement benefits to their employees through voluntary insurance contracts

Scope

This report provides a detailed analysis of employee benefits in Hungary -
- 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, leave and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Hungary

Reasons to Buy

- Make strategic decisions using in-depth information related to employee benefits in Hungary.
- Assess Hungary'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 Hungary.
- Gain insights into key organizations governing Hungary's employee benefits, and their impact on companies.
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Employee Benefits in Hungary, 2020 Update
Published By :GlobalData
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