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Employee Benefits in Poland 2021

Employee Benefits in Poland 2021

Summary

Poland has a well-developed social security system that covers the risks of employees, self-employed persons and their family members. Poland has two special insurance schemes: the Social Insurance Institution (Zak?adUbezpiecze? Spo?ecznych- ZUS) and the Agricultural Social Security Fund (Kasa Rolniczego Ubezpieczenia Spo?ecznego - KRUS). ZUS is the Polish state organization responsible for social insurance benefits of employees, and KRUS is the Polish social insurance fund that provides benefits to farmers. ZUS is supervised by the Ministry of Labor and Social Policy and is responsible for sickness and maternity cash benefits, as well as pensions for retirement, invalidity, survivors, accidents at work and occupational diseases.

ZUS is also responsible for the collection of social insurance and health insurance contributions, as well as contributions to the Labor Fund and the Fund of Guaranteed Employee Benefits. The pension system in Poland was reformed in 1999, which replaced the pay-as-you-go (PAYG) retirement system with a three-pillar retirement system, comprising Pension Institutions, Open Pension Funds and Voluntary Occupational Pensions.

Key Highlights

- The Zak?ad Ubezpiecze? Spo?ecznych (ZUS) provides social security benefits to employees and is responsible for collection of social insurance and health insurance contributions
- Private benefits to employees are offerred through schemes such as, Employee Pension Programs (Pracownicze Programy Emerytalne - PPE), Individual Retirement Accounts (IKE) and Individual Retirement Account Security (IKZE) and Employee Capital Plans (Pracownicze Plany Kapita?owe - PPK)
- Short-term and long-term disability benefits are provided through group life, health, accident, and comprehensive policies
- Medical benefits are provided through a comprehensive policy

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

Scope

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

Reasons to Buy

- Make strategic decisions using in-depth information related to employee benefits in Poland.
- Assess Poland'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 Poland.
- Gain insights into key organizations governing Poland's employee benefits, and their impact on companies.
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Employee Benefits in Poland 2021
Published By :GlobalData
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