Netherlands Statutory and Private Employee Benefits, 2023 Update

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Netherlands Statutory and Private Employee Benefits Report Overview

The Dutch social security system is one of the most comprehensive in Europe and is based on social insurance and supplementary income support schemes. The Netherlands insurance and social security system can be classified into three types: national insurance schemes, which consist of old-age pension (AOW) and child benefits (AKW); employee insurance schemes, which include unemployment benefits, long-term disability (WIA), and sickness (ZW); and social assistance. Contributions to national insurance schemes are based on an individual’s income. For employee insurance schemes, employers pay the majority of contributions, with employees paying a proportion of their wages. Employees need a Burger Service Number (BSN, previously known as a Sofi number) to register in the financial, tax, and social system.

The Netherlands employee benefits market research report provides in-depth industry analysis, information, and insights into employee benefits in the Netherlands, including an overview of the state and compulsory benefits in the Netherlands, detailed information about the private benefits in the country, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in the Netherlands.

Key Regulations General Old Age Pensions Act, General Surviving Relatives Act, Disablement Insurance Act, Work and Income According to Labor Capacity Act, and Disablement Assistance for Disabled Young Persons Act
Key State and Compulsory Benefits Retirement Benefits, Death in Service, Long-Term Disability Benefits, Short-Term Sickness Benefits, Medical Benefits, Workers’ Compensation Insurance, Maternity and Paternity Benefits, and Other Benefits
Key Private Benefits Retirement Benefits, Death Benefits, Medical Benefits, Disability Benefits, Accidental Death and Dismemberment Benefits, and Other Benefits

Regulations Guiding Employee Benefits Market in the Netherlands

Some of the key regulations guiding the employee benefits market in the Netherlands are General Old Age Pensions Act, General Surviving Relatives Act, Disablement Insurance Act, Work and Income According to Labor Capacity Act, and Disablement Assistance for Disabled Young Persons Act among others.

Netherlands Employee Benefits Market Segmentation by State and Compulsory Benefits

The key state and compulsory benefits offered by employers in the Netherlands are retirement benefits, death in service, long-term disability benefits, short-term sickness benefits, medical benefits, workers’ compensation insurance, maternity and paternity benefits, and other benefits.

Workers’ Compensation Insurance: In the Netherlands, there are no separate schemes available for industrial accidents and occupational diseases. The rules for sick pay in the event of illness and work incapacity benefits apply to all cases of illness or incapacity to work.

Short-Term Sickness Benefits: The Dutch Sickness Benefits Act covers sick individuals who do not have an employer. An employee is entitled to sickness benefits if they are unable to perform their job due to short-term illness. The eligibility criteria of an individual depend on the duration of the illness. There are two categories illness for less than two years and illness for two years or more.

Netherlands Employee Benefits Market Segmentation by Private Benefits

The key private benefits offered by the employers of the Netherlands are retirement benefits, death benefits, medical benefits, disability benefits, accidental death and dismemberment benefits, and other benefits.

Death Benefits: Employers provide death benefits through collective survivor’s insurance plans (group life insurance) and as additional benefits under occupational pension plans. The prevalence of employer-sponsored group life insurance is low in the country, and most employers provide it as an additional benefit under occupational pension plans.

Disability Benefits: There is a strong presence of compulsory Return to Work Scheme for the Partially Disabled (WGA) and Fully Disabled Workers Income Scheme (IVA), combined as Work and Income according to Labour Capacity Act (WIA) benefits in the Netherlands. However, employers can opt-out and provide insurance through private insurers to the employees. Previously, employers could switch between private and public insurance for permanent employees. However, since January 1, 2017, employers have been required to make a single choice for their entire workforce–permanent or temporary employees.

For more insights into the Netherlands employee benefits market, download a free report sample

Scope

This report provides a detailed analysis of employee benefits in the Netherlands –

  • 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, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, unemployment benefits, Long-term care benefits, leaves and holidays, and private benefits.
  • It highlights the economic and regulatory situations relating to employee benefits in the

Key Highlights

• The de Nederlandsche Bank (DNB), Dutch Authority for the Financial Markets (AFM), Belastingdienst (Tax Authority), and The Ministry of Social Affairs and Employment are responsible for the functioning of the overall social security system.

• A person’s national insurance contribution is determined based on their income.

• An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to a credited contribution.

• In the Netherlands, employers provide voluntary retirement benefits to their employees through collective pension schemes and lifetime-average earnings plans.

Reasons to Buy

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

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 Netherlands
  • 5. Regulations
  • 6. State and Compulsory Benefits
  • 6.1 Retirement Benefits

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.2 Death in Service

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.3 Long-Term Disability Benefits

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.4 Short-Term Sickness Benefits

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.5 Medical Benefits

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.6 Workers’ Compensation Insurance

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.7 Maternity and Paternity Benefits

  • – Introduction
  • – Eligibility
  • – Benefits
  • – Payment options
  • – Contribution
    • 6.8 Other Benefits

  • – Family benefits
  • – Long-term care benefits
  • – Minimum resource benefits
  • – Unemployment benefits
  • – Leave and holidays
    • 7. Private Benefits
    • 7.1 Retirement Benefits
    • 7.2 Death Benefits
    • 7.3 Disability Benefits
    • 7.4 Medical Benefits
    • 7.5 Accidental Death and Dismemberment Benefits
    • 7.6 Other Benefits
    • 8. About GlobalData
    • 9. Contact Us

    Table

    Table 1: The Netherlands – Minimum wage based on the age of the beneficiary, 2023

    Table 2: The Netherlands – Minimum wage based on the full-time weekly work of the beneficiary, 2023

    Table 3: Insurance Industry Definitions

    Table 4: The Netherlands – Country Statistics, 2022

    Table 5: The Netherlands – Minimum wage based on the age of the beneficiary, 2023

    Table 6: The Netherlands – Minimum wage based on the full-time weekly work of the beneficiary, 2023

    Table 7: The Netherlands – The Three Pillars of the Dutch Pension System

    Table 8: The Netherlands – Monthly benefits paid to survivors in 2023

    Table 9: The Netherlands – Monthly benefits paid to orphans in 2023

    Table 10: The Netherlands – Benefits Paid Under the WAO Act

    Table 11: The Netherlands – Benefits Paid Under the Wajong Act

    Table 12: The Netherlands – Follow-up Benefits Paid Under the WGA Act

    Table 13: The Netherlands – Child Benefits

    Table 14: The Netherlands – Child-Related Allowances

    Table 15: The Netherlands – Long-term Care Benefits In-Kind

    Table 16: The Netherlands – Benefits Act (Toeslagenwet – TW)

    Table 17: The Netherlands – Public Holidays 2023

    Table 18: The Netherlands – Payment Percentage

    Figures

    List of Tables

    Table 1: Insurance Industry Definitions

    Table 2: The Netherlands – Country Statistics

    Table 3: The Netherlands – Minimum wage based on the age of the beneficiary, 2021

    Table 4: The Netherlands – Minimum wage based on the full-time weekly work of the beneficiary, 2021

    Table 5: The Netherlands – The Three Pillars of the Dutch Pension System

    Table 6: The Netherlands – Monthly benefits paid to orphans

    Table 7: The Netherlands – Monthly benefits paid to orphans

    Table 8: The Netherlands – Benefits Paid Under the WAO Act

    Table 9: The Netherlands – Benefits Paid Under the Wajong Act

    Table 10: The Netherlands – Follow-up Benefits Paid Under the WGA Act

    Table 11: The Netherlands – Child Benefit

    Table 12: The Netherlands – Child-Related Allowances

    Table 13: The Netherlands – Long-term Care Benefits In-Kind

    Table 14: The Netherlands – Public Holidays 2021

    Frequently asked questions

    Netherlands Statutory and Private Employee Benefits, 2023 Update thematic reports
    Currency USD
    $1,495

    Can be used by individual purchaser only

    $2,990

    Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


    Undecided about purchasing this report?

    Enquire Before Buying Request a Free Sample

    Get in touch to find out about multi-purchase discounts

    reportstore@globaldata.com
    Tel +44 20 7947 2745

    Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

    Sample Report

    Netherlands Statutory and Private Employee Benefits, 2023 Update was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

    • Assess the relevance of the report
    • Evaluate the quality of the report
    • Justify the cost

    Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

    Below is a sample report to understand what you are buying

    See what our customers are saying

    “The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

    GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

    Business Intelligence & Marketing Manager, SAL Heavy Lift

    “COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

    Market Analyst & Management, Liebherr-Werk

    Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

    Head of Key Accounts, Saab AB

    Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

    Marketing Intelligence Manager, Portugal Foods

    Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

    I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

    I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

    Head of Customer Insight and Research, Standard Chartered

    “I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

    Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

    Head of Consumer Sensory Insights, Givaudan

    GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

    I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

    One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

    Senior Account Manager, TSYS

    Related reports

    View more Insurance reports
    Financial Services
    New
    Augmented Reality (AR) in Banking - Thematic Intelligence
    $995 | March 2024
    Financial Services
    New
    Belgium Cards and Payments - Opportunities and Risks to 2028
    $2,750 | March 2024
    Go even deeper with GlobalData Intelligence Center

    Every Company Report we produce is powered by the GlobalData Intelligence Center.

    Subscribing to our intelligence platform means you can monitor developments at Netherlands Statutory and Private Employee Benefits, 2023 Update in real time.

    • Access a live Netherlands Statutory and Private Employee Benefits, 2023 Update dashboard for 12 months, with up-to-the-minute insights.
    • Fuel your decision making with real-time deal coverage and media activity.
    • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.