Employee Benefits in Chile - New Report Available

Chile was one of the first countries in the Americas to set up state-sponsored social security cover. The country's pension system consists of multiple pillars: a non-contributory first pillar, a fully funded second pillar and a voluntary third pillar. In 1981, a new privatized system was introduced to carry out social security schemes. These programs are administered by private sector insurance companies called pension fund managers and the state is in charge of the regulations. Under this new system, formal employees are mandated to contribute to the personal account which is managed by a pension fund manager.

Report Highlights

* Chile has a comprehensive social security system that protects citizens from illness, disability, old age, unemployment and poverty.
* The voluntary savings plan can be either in the form of an individual selected plan or employer-sponsored plans Ahorro Previsional Voluntario Colectivo (Collective Voluntary Savings Plan - APVC) introduced in 2008.
* Employer-sponsored pension plans are not commonly offered in the Chilean employee benefits market, however as more multinational companies enter the market there has been a sudden increase in interest among employers.

Full Report Details at
- http://www.fastmr.com/prod/925159_employee_benefits_in_chile.aspx?afid=301

Report Scope

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

* 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, medical benefits, workmen's compensation, maternity and paternity benefits, family benefits, unemployment, leave and holidays, termination indemnities and private benefits
* It highlights the economic and regulatory situations relating to employee benefits in Chile

Reasons to Get this Report

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

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