Employee Benefits in Cyprus 2018

Market: Financial Services

Cyprus, 58 pages report, published by GlobalData

Report ThumbnailMay-2018
Employee Benefits in Cyprus 2018

Summary

The social security system in Cyprus is comprehensive and covers all gainfully employed and self-employed people. The state, employers and employees are the main participants in the social security system. The system has evolved and changed significantly during the last few years due to the euro zone debt crisis and the resultant contraction of the Cypriot economy. Cyprus accessed a EUR10.0 billion (US$11.09 billion) bailout program from the European Co

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  • List of Figures
  • Figure 1: Cyprus- Main Institutions of Social Security System
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  • List of Tables
  • Table 1: Insurance Industry Definitions
  • Table 2: Cyprus - Country Statistics
  • Table 3: Cyprus - Upper Income Limits for Social Insurance Contributions (EUR)
  • Table 4: Cyprus - Contribution Rates to Social Insurance Fund for Employed Persons Until 2039
  • Table 5: Cyprus - Contribution Rates to Social Insurance Fund for Self-Employed Persons Until 2039
  • Table 6: Cyprus - Contribution Rates to Social Insurance Fund Until 2039 for Voluntary (Home) Contributors
  • Table 7: Cyprus - Contributio
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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 CYPRUS
  • 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 Typical employer practice
  • 6.1.8 Employee and employer contributions
  • 6.1.9 Taxation
  • 6.2 Death in Service
  • 6.2.1 Introduction
  • 6.2.2 Eligibility
  • 6.2.3
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