Boston, MA -- (SBWIRE) -- 09/23/2014 -- Germany has a well-developed social security system. Both companies and employees equally contribute to social security schemes. Employees have to primarily contribute to nine statutory social security organizations: the statutory health insurance fund, the statutory long-term care insurance fund, the statutory short-term sickness fund, the statutory long-term disability fund, the statutory pension insurance fund, statutory accident insurance, statutory maternity and paternity fund, statutory family benefits and the statutory unemployment insurance fund. Employers deduct tax and social security contributions from the gross wages of employees and directly transfer them to the tax office. For all the components of social security there is a common fund. However, employees have the option to individually choose a health insurance provider. The increasing share of elderly people in the population coupled with a relatively low birth rate has forced the government to adopt several reforms to ensure a better social welfare system for future generations.

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Report Highlights:

- The German social security system covers a large proportion of the population, and plays a significant role in the country's employee benefits market

- The social security system consists of nine branches, which form the pillars of the social security system

- Both social security and private employee benefits are popular in Germany

- Private benefits provide access to a range of services that improve employees' quality of life

- The increasing share of elderly people in the population coupled with a relatively low birth rate has forced the government to adopt several reforms to ensure a better social welfare system for future generations

Report Scope:

This report provides a detailed analysis of employee benefits in Germany:

- 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, short-term sickness benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, family benefits, minimum resources, unemployment and private benefits

- It highlights the economic and regulatory situations relating to employee benefits in Germany

Reasons to Get this Report:

- Make strategic decisions using in-depth information related to German employee benefits
- Assess the German employee benefits market, including state and compulsory benefits and private benefits
- Gain insights into the key employee benefit schemes offered by private employers in Germany
- Gain insights into key regulations governing German employee benefits, and their impact on companies

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