Employee Benefits in Italy 2021

Italy’s social security system is based on the constitution of 1947 and plays an important role in providing social security benefits to Italians. State and private benefits which are prominent in Italy cover most of the population. All workers performing a gainful activity in the Italian territory are compulsorily covered by social security insurance. Contributions to the social security system are made by employees, employers, and through general taxes. Life expectancy in Italy has increased over the last three decades, resulting in a rise in the elderly population. Due to the recent debt crisis in Europe, government spending on pensions has become a financial burden. In response, several reforms have been made to ensure a better social welfare system for future generations.

The report provides in-depth industry analysis, information, and insights of the employee benefits in Italy, including an overview of the state and compulsory benefits in Italy, detailed information about the private benefits in Italy, 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 Italy.

State and compulsory benefits are managed by certain institutions which in turn act under the supervision and guidance of competent ministerial authorities of Italy such as –

– Ministero del Lavoro e delle Politiche Sociali (Ministry of Labor and Social Policies)

– Ministero dell’ Economia e Finanza (Ministry of Economy and Finance)

– Ministero della Salute (Ministry of Health)

– Ministero dell' Interno (Ministry of the Interior)

Scope

This report provides a detailed analysis of employee benefits in Italy –

– 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, leave and private benefits

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

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 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 Italy

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

– Minimum Resources Benefits

– Long-Term Care Benefits

– Unemployment Benefits

– Leaves and Holidays

7. Private Benefits

7.1 Retirement Benefits

7.2 Death Benefits

7.3 Medical Benefits

7.4 Disability 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: Italy – Country Statistics

Table 3: Italy – Contribution Requirements for Early Retirement

Table 4: Italy – Maternity and Paternity Employee and Employer Contributions

Table 5: Italy – Family Benefits Employee and Employer Contributions

Table 6: Italy – Unemployment Benefits Employee and Employer Contributions

Table 7: Italy – Fixed National and Public Holidays 2021

List of Figures

List of Figures

Figure 1: Italy – Main Institutions of Social Security System

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