Statutory and Private Employee Benefits (including Social Security) in Malta, 2022 Update - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, and Medical Benefits as well as Other State and

Statutory and Private Employee Benefits (including Social Security) in Malta, 2022 Update - Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, and Medical Benefits as well as Other State and Private Benefits

Summary

The Maltese economy is one of the smallest in the EU. Employee benefits in Malta can be broadly classified into two types: social security benefits and private benefits. The Maltese social security system covers the entire population and plays a vital role in the country’s welfare system. Almost all employers in Malta offer additional benefits to their employees to motivate and retain them.The report provides in-depth industry analysis, information, and insights of the employee benefits in Malta, including an overview of the state and compulsory benefits in Malta, detailed information about the private benefits in Malta, 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 Malta.

Key Highlights

• The Ministry for the Family and Social Solidarity (MFSS), The Ministry for Health, The Department of Social Security 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 credited contribution.
• In Malta, a few banks, insurance companies, and pension funds provide unit-linked pension plans for retirement benefits.

Scope

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

• 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, short-term sickness benefit, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, unemployment, Minimum resource benefit, Long-term care benefit, leaves and holidays and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in Malta

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