The report provides in-depth industry analysis, information and insights into employee benefits in Spain, including:
An overview of state and compulsory benefits in Spain
Detailed information about private benefits in Spain
Insights into the various central institutions responsible for the administration of the different branches of social security
The regulatory framework and recent regulations relating to Spanish employee benefits
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Summary
The Spanish social security system covers the country's entire population, including foreigners who work in the country. It also protects those of Spanish origin, as well as their dependents who reside in foreign countries. The main objective of this system is to formulate a single and integrated model of social protection, in order to guarantee adequate social assistance and a source of funds for various benefits, with contributions from insured individuals, employers and the state. However, the recent sovereign debt crisis in Europe has adversely impacted the Spanish social security system. The recession in property dealings in 2008 affected Spain's property and housing sector, and thus raised the level of unemployment. As a result of this, the payment of unemployment benefits has increased, raising government expenditure, and forcing the state to impose high taxes and charge for all free medical and healthcare services. Furthermore, the country's private employee benefits sector was also adversely affected by the crisis.
Scope
This report provides a detailed analysis of employee benefits in Spain:
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 benefits, long-term disability benefits,...