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Report Title

Employee Benefits in Chile 2018

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Employee Benefits in Chile 2018


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Employee Benefits in Chile 2018

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Employee Benefits in Chile 2018



Executive Summary

Employee Benefits in Chile 2018

Summary

Chile was one of the first countries in the Americas to set up state-sponsored social security coverage. The country's pension system consists of multiple pillars-a non-contributory first pillar, a fully funded second pillar and a voluntary third pillar. In 1981, a new privatized system was introduced to carry out social security schemes. Private sector insurance companies called pension fund managers administer these programs and the state is in charge of the regulations. Under this new system, formal employees are mandated to contribute to the personal account, which is managed by a pension fund manager.

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

Key Highlights

- Chile has a comprehensive social security system that protects citizens from illness, disability, old age, unemployment, and poverty.

- The country's pension system consists of multiple pillars-a non-contributory first pillar, a fully funded second pillar and a voluntary third pillar.

- In some situations, employees will make voluntary contributions to their mandatory contribution account, or to a voluntary savings plan, known as Depositos Convenidos (agreed deposits), to increase the benefit amount while retiring.

- Contributions made by employers towards social security benefits are not subject to taxation.

Scope

- This report provides a detailed analysis of employee benefits in Chile.

- 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 Chile.

Reasons to buy

- Make strategic decisions using in-depth information related to employee benefits in Chile.

- Assess Chilean employee benefits market, including state and compulsory benefits and private benefits.

- Gain insights into the key employee benefit schemes offered by private employers in Chile.

- Gain insights into key organizations governing Chilean employee benefits, and their impact on companies.

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 CHILE

5 REGULATIONS

6 STATE AND COMPULSORY BENEFITS

6.1 Retirement Benefits

6.1.1 Introduction

6.1.2 Eligibility

6.1.3 Age

6.1.4 Benefits

6.1.5 Payment Options

6.1.6 Typical Employer Practice

6.1.7 Employee and employer contributions

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 contributions

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 Em

To know more information on Purchase by Section, please send a mail to sales@kenresearch.com

Single User License:
Report can be used by individual purchaser only

Site License:
Report can be shared by unlimited users within one corporate location, e.g. a regional office

Corporate User License:
Report can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Employee benefits in Chile, Retirement benefits, Death in service, Long-term disability benefits, Medical benefits, Workmen's compensation, Maternity and paternity benefits, Family benefits, Unemployment, Leave, Private benefits


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