-
Sector Analysis
Hong Kong Statutory and Private Employee Benefits, 2023 Update
Hong Kong Statutory and Private Employee Benefits Report Overview According to the March 2022 report from the Social Welfare Department of Hong Kong Statistics, the number of participants under the CSSA scheme was 302,599. The social welfare system in Hong Kong insurance provides cover to all residents in the event of disability, old age, death, unemployment, and sickness. The public pension pillar covers individuals in need of assistance. The occupational pillar, which is a compulsory defined contribution (DC) scheme, was...
-
Sector Analysis
Employee Benefits in the Czech Republic 2022 – Key Regulations, Statutory Public and Private Benefits, and Industry Analysis
The Czech Republic has a well-developed social security system, and employers, employees, and self-employed persons contribute to social security schemes. The Czech social security system is built on three pillars: compulsory social insurance, state social support system, and social assistance. Compulsory social insurance covers pension insurance, health insurance, and the national employment policy system. The non-contributory state social support system supports families with dependent children. The final pillar, tax-financed social assistance provides benefits to persons with disabilities, and assistance to...
-
Government & Regulation
Employee Benefits in Ghana, 2020 Update
Ghana’s social welfare system provides cover to all residents in the event of disability, old age, death, unemployment, and sickness. The public pension pillar covers individuals in need of assistance. The occupational pillar, which is a compulsory defined-contribution (DC) scheme, was launched in 2000, and the third pillar is a voluntary pension savings scheme. The Social Welfare Department (SWD) administers Ghana’s non-contributory social security system, which includes the Comprehensive Social Security Assistance (CSSA) scheme, the Social Security Allowance (SSA) scheme,...
-
Government & Regulation
Employee Benefits in Cyprus, 2020 Update
Cyprus’s social welfare system provides cover to all residents in the event of disability, old age, death, unemployment, and sickness. The public pension pillar covers individuals in need of assistance. The occupational pillar, which is a compulsory defined-contribution (DC) scheme, was launched in 2000, and the third pillar is a voluntary pension savings scheme. The Social Welfare Department (SWD) administers Cyprus’s non-contributory social security system, which includes the Comprehensive Social Security Assistance (CSSA) scheme, the Social Security Allowance (SSA) scheme,...