Synopsis
The report provides in-depth industry analysis, information and insights into employee benefits in Portugal, including:
An overview of state and compulsory benefits in Portugal
Detailed information about private benefits in Portugal
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 Portuguese employee benefits
Scope
This report provides a detailed analysis of employee benefits in Portugal:
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, workmens compensation, maternity and paternity benefits, family benefits, minimum resources, annual vacations, unemployment and private benefits
It highlights the economic and regulatory situations relating to employee benefits in Portugal
Summary
The Portuguese social security system is based on universality; it ensures that the social protection provided by the system is available for everyone. It consists of the Public Social Security System, the Social Action System and the Supplementary System. The Public Social Security System has three subsystems called Welfare, Solidarity and Family Support System. Welfare system is a contributory scheme that protects the employed and the self-employed against the risk of losing a regular income due to sickness, maternity, unemployment, disability, death, retirement and occupational diseases.
Reasons To Buy
Make strategic decisions using in-depth information related to Portuguese employee benefits
Assess the Portuguese employee benefits market, including state and compulsory benefits and private benefits
Gain insights into the key employee benefit schemes offered by private employers in Portugal
Gain insights into key regulations governing Portuguese employee benefits, and their impact on companies
Key highlights
Portugals social security system is based on universality; it ensures that the social protection provided by the system is available for everyone.
The state and compulsory system comprises benefits such as old-age pension, survivor, long-term care, sickness, medical care, unemployment, maternity, paternity, workmen compensation, and family benefits.
Company bonus plan, profit sharing, food coupons, leave travel allowances, company car and fuel allowances, educational assistance and salary advances are some of the private benefits offered by employers in Portugal.
In Portugal, old age, death and disability benefits follow a mixed system of financing such as current income financing (pay as you go) and funded system
Table Of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
3 Country Statistics
4 Overview of Employee Benefits in Portugal
5 Regulations
6 State and Compulsory Benefits
6.1 Retirement Benefits
6.1.1 Introduction
6.1.2 Types of retirement plans
6.1.3 Eligibility
6.1.4 Age
6.1.5 Pensionable salary
6.1.6 Benefits
6.1.7 Payment options
6.1.8 Typical employer practice
6.1.9 Employee and employer contribution
6.1.10 Taxation
6.2 Death in Service
6.2.1 Introduction
6.2.2 Eligibility
6.2.3 Benefits
6.2.4 Payment options
6.2.5 Typical employer practice
6.2.6 Employee and employer contribution
6.2.7 Taxation
6.3 Long-Term Disability Benefits
6.3.1 Introduction
6.3.2 Eligibility
6.3.3 Benefits
6.3.4 Payment options
6.3.5 Typical employer practice
6.3.6 Employee and employer contribution
6.3.7 Taxation
6.4 Short-Term Sickness Benefits
6.4.1 Introduction
6.4.2 Eligibility
6.4.3 Benefits
6.4.4 Payment options
6.4.5 Typical employer practice
6.4.6 Employee and employer contribution
6.4.7 Taxation
6.5 Medical Benefits
6.5.1 Introduction
6.5.2 Eligibility
6.5.3 Benefits
6.5.4 Payment options
6.5.5 Typical employer practice
6.5.6 Employee and employer contribution
6.5.7 Taxation
6.6 Workmens Compensation Insurance
6.6.1 Introduction
6.6.2 Eligibility
6.6.3 Benefits
6.6.4 Payment options
6.6.5 Employee and employer contribution
6.6.6 Taxation
6.7 Maternity and Paternity Benefits
6.7.1 Introduction
6.7.2 Eligibility
6.7.3 Benefits
6.7.4 Payment options
6.7.5 Typical employer practice
6.7.6 Employee and employer contribution
6.7.7 Taxation
6.8 Family Benefits
6.8.1 Introduction
6.8.2 Eligibility
6.8.3 Benefits
6.8.4 Payment options
6.8.5 Employee and employer contribution
6.8.6 Taxation
6.9 Minimum Resources
6.9.1 Introduction
6.9.2 Eligibility
6.9.3 Benefits
6.9.4 Payment options
6.9.5 Employer and employee contributions
6.9.6 Taxation
6.1 Long-Term Care
6.10.1 Introduction
6.10.2 Eligibility
6.10.3 Benefits
6.10.4 Payment options
6.10.5 Employer and employee contributions
6.10.6 Taxation
6.11 Unemployment
6.11.1 Introduction
6.11.2 Eligibility
6.11.3 Benefits
6.11.4 Payment options
6.11.5 Employee and employer contribution
6.11.6 Taxation
7 Private Benefits
7.1 Retirement Benefits
7.2 Disability Benefits
7.3 Death Benefits
7.4 Medical and Health Benefits
7.5 Other Benefits
8 Macroeconomic Indicators
8.1 Economic Performance
8.1.1 GDP at constant prices (US dollars)
8.1.2 GDP per capita at constant prices (US dollars)
8.1.3 GDP at current prices (US dollars)
8.1.4 GDP per capita at current prices (US dollars)
8.1.5 GDP split by key sectors
8.1.6 Inflation rate
8.1.7 Annual average exchange rate US$-EUR
8.1.8 Unemployment rate
8.1.9 Household consumption expenditure
8.1.10 Gross national disposable income
8.2 Demographics
8.2.1 Labor force
8.2.2 Total population
8.2.3 Urban and rural population
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetrics Services
9.5 Disclaimer
List Of Tables
Table 1: Definitions
Table 2: Portugal - Country Statistics, 2014
Table 3: Overall Contribution - 2014
Table 4: Minimum Pension, 2014
Table 5: Orphans Pension, 2014
Table 6: Portugal - Benefits of Disability According to the Incapacity Period, 2014
Table 7: Maternity or Paternity - Daily Allowances, 2014
Table 8: Child Benefits, 2014
Table 9: Special Allowances for Disabled Children, 2014
Table 10: Duration for which the Benefits are Paid, 2014
List Of Figures
Figure 1: Major Organizations of the Portuguese Social Security System
Figure 2: Portuguese GDP at Constant Prices, (US$ Billion), 2008-2012
Figure 3: Portuguese GDP Per Capita at Constant Prices, (US$), 2008-2012
Figure 4: Portuguese GDP at Current Prices, (US$ Billion), 2008-2012
Figure 5: Portuguese GDP Per Capita at Current Prices, (US$), 2008-2012
Figure 6: Portuguese GDP by Key Sectors, (%), 2008 and 2012
Figure 7: Portuguese Inflation Rate, (%), 2008-2012
Figure 8: Portuguese Annual Average Exchange Rate US$-EUR, 2008-2012
Figure 9: Portuguese Unemployment Rate, (%), 2008-2012
Figure 10: Portuguese Household Consumption Expenditure, (US$ Billion), 2008-2012
Figure 11: Portuguese Gross National Disposable Income, (US$ Billion), 2008-2012
Figure 12: Portuguese Size of Labor Force, (Million), 2008-2012
Figure 13: Portuguese Total Population, (Million), 2008-2012
Figure 14: Portuguese Urban and Rural Population, (%), 2008-2012
