Employee Benefits in Romania 2017

Market: Financial Services

Romania, 63 pages report, published by GlobalData

Report ThumbnailJanuary-2018
Employee Benefits in Romania 2017

Summary

Romania has a well-established social security system. In order to provide its citizens with decent living conditions, the Romanian government provides various social security schemes in close association with private institutions. The Romanian pension system is divided into three pillars - the first is a mandatory public pension system, which functions as a pay-as-you-go (PAYG) system. Privately administered pension fund schemes form the second pillar

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  • List of Figures
  • Figure 1: Romania - Main Institutions of Social Security System 18
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  • List of Tables
  • Table 1: Insurance Industry Definitions 9
  • Table 2: Romania - Country Statistics 13
  • Table 3: Romania Invalidity Benefits - Monthly Score Points 28
  • Table 4: Romania Sickness Benefits - Duration of Sick Leave 32
  • Table 5: Romania Workmen’s Compensation Benefits - Monthly Score Points 39
  • Table 6: Romania Family Benefits - State Allowance for Children Monthly Amount 44
  • Table 7: Romania Family Support Allowance - For Families with Income per Family Member up to 0.40 x RSI 44
  • Table 8: Rom
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  • Table of Contents
  • 1 EXECUTIVE SUMMARY 2
  • 2 INTRODUCTION 9
  • 2.1 What is this Report About? 9
  • 2.2 Definitions 9
  • 3 COUNTRY STATISTICS 13
  • 4 OVERVIEW OF EMPLOYEE BENEFITS IN ROMANIA 14
  • 5 REGULATIONS 15
  • 6 STATE AND COMPULSORY BENEFITS 18
  • 6.1 Retirement Benefits 20
  • 6.1.1 Introduction 20
  • 6.1.2 Types of Retirement Plan 20
  • 6.1.3 Eligibility 20
  • 6.1.4 Age 21
  • 6.1.5 Benefits 21
  • 6.1.6 Payment Options 22
  • 6.1.7 Employee and employer contributions 23
  • 6.1.8 Taxation 23
  • 6.2 Death in Service 24
  • 6.2.1 Introduction 24
  • 6
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