Employee Benefits in the Netherlands 2021

The Dutch social security system is one of the most comprehensive in Europe and is based on social insurances and supplementary income support schemes. It 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 benefit, long-term disability (WIA), and sickness (ZW); and social assistance. Contributions for 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 from 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 report provides in-depth industry analysis, information, and insights of the 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 Netherlands, 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 Highlights

– de Nederlandsche Bank (DNB) and the Dutch Authority for the Financial Markets (AFM) is responsible for the functioning of the overall social security system. While the Ministry of Social Affairs and Employment and the Tax Authority is responsible for labor market policy

– 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 credited contribution

– In the Netherlands, employers provide voluntary retirement benefits to their employees through voluntary defined contribution and hybrid pension plans

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, leaves and holidays and private benefits

– It highlights the economic and regulatory situations relating to employee benefits in the Netherlands

Reasons to buy

– Make strategic decisions using in-depth information related to employee benefits in the Netherlands.

– Assess the Netherlands’s employee benefits market, including state and compulsory benefits and private benefits.

– Gain insights into the key employee benefit schemes offered by private employers in the Netherlands.

– Gain insights into key organizations governing employee benefits market, and their impact on companies.

Table of Contents

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 the 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

– Contributions

6.7 Maternity and Paternity Benefits

– Introduction

– Eligibility

– Benefits

– Payment options

– Contribution

6.8 Other Benefits

– Family Benefits

– Long-Term Care benefits

– Minimum Resources Benefits

– Unemployment Benefits

– Leaves and Holidays

7. Private Benefits

7.1 Retirement Benefits

7.2 Death Benefits

7.3 Disability Benefits

7.4 Medical Benefits

7.5 Accidental and Dismemberment Benefits

7.6 Other Benefits

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List of Tables

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

List of 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

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