Italy Statutory and Private Employee Benefits, 2023 Update
Powered by
All the vital news, analysis, and commentary curated by our industry experts.
Italy Statutory and Private Employee Benefits Report Overview
Italy’s social security system is based on the constitution of 1947 and plays a vital role in providing social security benefits to Italians. State and private benefits, prominent in Italy, cover most of the population. All workers performing a gainful activity in the Italian territory are compulsorily covered by social security insurance. Contributions to the social security system are made by employees, employers, and general taxes. Life expectancy in Italy has increased over the last three decades, resulting in a rise in the elderly population. Due to the recent debt crisis in Europe, government spending on pensions has become a financial burden. In response, several reforms have been made to ensure a better social welfare system for future generations.
The Italy employee benefits market research report provides in-depth industry analysis, information, and insights into employee benefits in Italy, including an overview of the state and compulsory benefits in Italy, detailed information about the private benefits in Italy, 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 Italy.
Regulations Guiding Employee Benefits Market in Italy
Some of the key regulations guiding the employee benefits market in Italy are National Health Service, 1978, National Social Security Institute, 1954, Maternity Law, 1902, Law No. 53 on Provisions for Maternity and Paternity Support, 2000, Law No. 222 on Invalidity and Incapacity, 1984, and Law No. 335 on Pension Reform, 1995 among others.
Italy Employee Benefits Market Segmentation by State and Compulsory Benefits
The key state and compulsory benefits offered by employers in Italy are retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, workers’ compensation insurance, maternity and paternity benefits, and other benefits.
Medical Benefits: Italy’s healthcare system is managed by the SSN (Servizio sanitario nazionale) and is financed through taxes on companies and individuals and through taxes levied by each region. Treatment is provided by choice of doctor free of charge. Medical assistance is provided and is subject to participation in costs based on the kind of medical or laboratory examinations.
Short-Term Sickness Benefits: Short-term sickness benefits (Indennità di malattia) are the daily allowance provided to employees suffering from illness. It is a compulsory social insurance scheme provided for employees and assimilated groups in the form of earnings-related benefits, paid in the form of a continuation of compensation by the employer.
Italy Employee Benefits Market Segmentation by Private Benefits
The key private benefits offered by employers in Italy are retirement benefits, death benefits, medical benefits, disability benefits, accidental death and dismemberment benefits, and other benefits.
Death Benefits: Employers in Italy provide death benefits under collective supplementary risk insurance policies. The insurance policies are the standalone schemes offered by employers in Italy to their employees. The prevalence of employer-sponsored life insurance in Italy is low.
Medical Benefits: The insured must be an employee of the organization. The insurance coverage can be activated and renewable provided that the age of the insured at subscription and annual recurrence is between 18 and 75 years. The insurance coverage is not renewable for insured persons with an insurance age equal to 76 years. Furthermore, the group must consist of at least ten employees.
For more insights on the Italy employee benefits market, download a free report sample
Italy Statutory and Private Employee Benefits Market Report Overview
Key Regulations | National Health Service, 1978, National Social Security Institute, 1954, Maternity Law, 1902, Law No. 53 on Provisions for Maternity and Paternity Support, 2000, Law No. 222 on Invalidity and Incapacity, 1984, and Law No. 335 on Pension Reform, 1995 |
Key State and Compulsory Benefits | Retirement Benefits, Death in Service, Long-Term Disability Benefits, Short-Term Sickness Benefits, Medical Benefits, Workers’ Compensation Insurance, Maternity and Paternity Benefits, and Other Benefits |
Key Private Benefits | Retirement Benefits, Death Benefits, Medical Benefits, Disability Benefits, Accidental Death and Dismemberment Benefits, and Other Benefits |
Scope
This report provides a detailed analysis of employee benefits in Italy –
- 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 benefits, Long-term care benefits, leaves and holidays, and private benefits.
- It highlights the economic and regulatory situations relating to employee benefits in Italy.
Reasons to Buy
- Make strategic decisions using in-depth information related to employee benefits in the country.
- Assess employee benefits of the market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in the country.
- Gain insights into key organizations governing the employee benefits market, and their impact on companies.
Table of Contents
Table
Figures
Frequently asked questions
-
What are the key regulations guiding the employee benefits market in Italy?
The key regulations guiding the employee benefits market in Italy are National Health Service, 1978, National Social Security Institute, 1954, Maternity Law, 1902, Law No. 53 on Provisions for Maternity and Paternity Support, 2000, Law No. 222 on Invalidity and Incapacity, 1984, and Law No. 335 on Pension Reform, 1995.
-
What are the key state and compulsory benefits in the Italy employee benefits market?
The key state and compulsory benefits in the Italy employee benefits market are retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, workers’ compensation insurance, maternity and paternity benefits, and other benefits.
-
What are the key private benefits in the Italy employee benefits market?
The key private benefits in the Italy employee benefits market are retirement benefits, death benefits, medical benefits, disability benefits, accidental death and dismemberment benefits, and other benefits.
Get in touch to find out about multi-purchase discounts
reportstore@globaldata.com
Tel +44 20 7947 2745
Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.