Employee Benefits in Colombia 2018

Market: Financial Services

Colombia, 43 pages report, published by GlobalData

Report ThumbnailSeptember-2018
Employee Benefits in Colombia 2018

Summary

Colombia has a basic social security system with low coverage and participation. The country’s social insurance system was initially introduced for public sector employee groups only. Private sector employees secured coverage in 1946. Pension benefits were introduced with the creation of the Social Security Institute (ISS) in 1967. However, the ISS faced problems immediately due to low coverage and participation rates. To overcome this problem, the go

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  • List of Tables
  • Table 1: Insurance Industry Definitions
  • Table 2:Colombia- Country Statistics
  • Table 3: Leave - Fixed National and Public 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 COLOMBIA
  • 5 REGULATIONS
  • 6 STATE AND COMPULSORY BENEFITS
  • 6.1 Retirement Benefits
  • 6.1.1 Introduction
  • 6.1.2 Eligibility
  • 6.1.3 Age
  • 6.1.4 Benefits
  • 6.1.5 Payment Options
  • 6.1.6 Typical Employer Practice
  • 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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