Employee Benefits in Estonia 2021

Employee Benefits in Estonia 2021

Summary

Estonia has a well-developed social security system that covers the risks of employees, self-employed persons and their family members. The Estonian social protection system includes pension, health, and unemployment insurance. Pension and health insurance are financed by social taxes, while unemployment insurance is financed by contributions. General state revenues fund benefits for disabled individuals, the national pension, death grants, and family benefits. The Ministry of Social Affairs is accountable for social security, social care, and welfare. The main reforms of the Estonian pension system took place in the late 1990s. In 1999, the first pillar (state pension insurance schemes) was restructured, the second pillar (compulsory funded pension schemes) was introduced in 2002, and the third pillar (private pension schemes) was established in 1998. The private companies in Estonia offer private pension programs to employees.

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

Key HighlightsThe Estonian social protection system includes pension, health, and unemployment insuranceGeneral state revenues fund benefits for disabled individuals, the national pension, death grants, and family benefits Private companies in Estonia offer private pension programs to employees Old-age, survivor’s and disability pensions, unemployment benefits, workmen’s compensation insurance, long-term care insurance, family benefits, compulsory medical insurance and minimum resource benefits are the main schemes in EstoniaPrivate voluntary occupational pensions are not prevalent in EstoniaEmployers’ liability plans cover occupational injury risks.Scope

This report provides a detailed analysis of employee benefits in Estonia - 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 EstoniaReasons to BuyMake strategic decisions using in-depth information related to employee benefits in EstoniaAssess the Estonia's employee benefits market, including state and compulsory benefits and private benefitsGain insights into the key employee benefit schemes offered by private employers in EstoniaGain insights into key organizations governing the Estonia's employee benefits, and their impact on companies