Employee Benefits in Venezuela 2018

Market: Financial Services

Venezuela, 42 pages report, published by GlobalData

Report ThumbnailSeptember-2018
Employee Benefits in Venezuela 2018

Summary

The Venezuelan social security system was established in 1940, and was later amended in 1966, 1989, 1991 and 2002. It is based on solidarity and the redistribution of funds, and not on individual capitalization. It is governed by the Venezuelan Institute of Social Security - Instituto Venezolano de los Seguros Sociales (IVSS) - and comprises four systems: the healthcare services system; the social insurance system; the housing system; and the work he

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  • List of Figures
  • Figure 1: Venezuela - Main Institutions of Social Security System
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  • List of Tables
  • Table 1: Insurance Industry Definitions
  • Table 2: Venezuela - Country Statistics
  • Table 3: Effect of Minimum Wage Increase on Social Contributions and Employee Benefits
  • Table 4: Venezuela - Contributions Towards Social Security System
  • Table 5: Leave: National Holidays
  • Table 6: Leave: Bank Holidays
  • Table 7: Leave: Observance Holidays
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  • Table of Contents
  • 1 EXECUTIVE SUMMARY
  • 2 INTRODUCTION
  • 2.1 What is this Report About?
  • 2.2 Definitions
  • 3 COUNTRY STATISTICS
  • 4 OVERVIEW OF EMPLOYEE BENEFITS IN VENEZUELA
  • 5 REGULATIONS
  • 6 STATE AND COMPULSORY BENEFITS
  • 6.1 Retirement Benefits
  • 6.1.1 Introduction
  • 6.1.2 Types of Retirement Plan
  • 6.1.3 Eligibility
  • 6.1.4 Age
  • 6.1.5 Benefits
  • 6.1.6 Payment options
  • 6.1.7 Employee and employer contributions
  • 6.1.8 Taxation
  • 6.2 Death in Service
  • 6.2.1 Introduction
  • 6.2.2 Eligibility
  • 6.2.3 Benefits
  • 6.2.4 Payment Optio
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