Italy Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 20

Italy Statutory and Private Employee Benefits (including Social Security) - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2023 Update

Summary

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

Italy’s social security system is based on the constitution of 1947 and plays a vital role in providing social security benefits to Italians. State and private benefits, prominent in Italy, cover most of the population. All workers performing a gainful activity in the Italian territory are compulsorily covered by social security insurance. Contributions to the social security system are made by employees, employers, and general taxes. Life expectancy in Italy has increased over the last three decades, resulting in a rise in the elderly population. Due to the recent debt crisis in Europe, government spending on pensions has become a financial burden. In response, several reforms have been made to ensure a better social welfare system for future generations.

Key Highlights

• Istituto Nazionale per la Previdenza Sociale (National Institute for Social Security − INPS), Istituto Nazionale per l’Assicurazione contro gli Infortunisul Lavoro (National Institute for Insurance against Employment Injuries − INAIL) and Servizio Sanitario Nazionale (National Health Service − SSN) are responsible for the functioning of the overall social security system.
• A person’s national insurance contribution is determined based on their income.
• An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to a credited contribution.
• In Italy, the COVIP is responsible for regulating supplementary pension schemes.

Scope

This report provides a detailed analysis of employee benefits in Italy -

• 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, minimum resource, Long term benefits, Unemployment, leaves and holidays, and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in Italy

Reasons to Buy

• Make strategic decisions using in-depth information related to employee benefits in the country
• Assess employee benefits of the market, including state and compulsory benefits and private benefits
• Gain insights into the key employee benefit schemes offered by private employers in the country
• Gain insights into key organizations governing employee benefits market, and their impact on companies