Employee Benefits in Costa Rica 2021

Employee Benefits in Costa Rica 2021

Summary

The Costa Rican social security system provides universal cover for the healthcare and old-age needs of people living in Costa Rica. While all employees are required to contribute, the social security system also takes care of those unable to do so. The means-tested system ensures that people living in poverty have access to necessities. The Caja Costarricense de Seguro Social (Costa Rican Department of Social Security, CCSS) is the main regulator of the Costa Rican social security system.

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

Key HighlightsThe social security system in Costa Rica is designed to provide a steady income and financial support to employees, even after retirementEach retirement scheme has a different method of fundingThe Costa Rican retirement benefit system features both DC and DB programsIn Costa Rica, the supplementary private retirement benefits are provided under Pillar III which is voluntary occupational plans based on DC schemesScope

This report provides a detailed analysis of employee benefits in Costa Rica - It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefitsIt 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 benefitsIt highlights the economic and regulatory situations relating to employee benefits in Costa RicaReasons to BuyMake strategic decisions using in-depth information related to employee benefits in Costa RicaAssess Costa Rica's employee benefits market, including state and compulsory benefits and private benefitsGain insights into the key employee benefit schemes offered by private employers in Costa RicaGain insights into key organizations governing Costa Rica's employee benefits, and their impact on companies