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Belgium

Employee Benefits Report

Product Employee Benefits Reports Rev Belgium

Key Highlights

Get access to Axco’s online product for a comprehensive understanding of employee benefits in Belgium

  • Details of the state and compulsory benefits
  • Insight into typical market practice
  • Examines changes to the costs and benefits of social security and mandatory benefits requirements
  • Demographic and economic information including projections
  • Mandatory pension provision, normal and parental leave and other state benefits
  • Details of applicable taxation
  • Extensive geopolitical and operational risk analysis

Report Overview

Comprehensive employee benefits information for Belgium. Details mandatory benefits and plans as well as typical market practice. Includes data on pensions and retirement benefits, employee leave and termination indemnities.

Axco's employee benefits report for Belgium provides expert analysis of the Belgian benefits landscape, detailing state and compulsory benefits and local market practice across necessary to know when employing staff in Belgium or thinking of entering the market.

The comprehensive report is produced by a dedicated research team with years of experience in international employee benefits. The report outlines all key benefits in Belgium, including insight into changes to the costs and benefits of social security and mandatory benefits requirements, as well as typical employer practice. Information and necessary details on new legislative mandates are regularly updated to ensure you remain compliant.

Suitable for international employee benefits consultants, brokers or corporates looking at establishing business in Belgium, the report outlines the employment benefits requirements for your employees in Belgium. Coverage extends to retirement benefits, death in service benefits, long-term disability, medical benefits, workers compensation, personal accident insurance, termination indemnities, maternity benefits & maternity/paternity benefits and other employee and state benefits.

Axco analysts also report on the economy of Belgium, the local political situation, and climate, operational, and security risks.

Belgium Report Extract

Below is a very brief extract of information from the Belgium Employee Benefits Report; more updated information may be available in the latest published report.

Retirement

Benefit Provider

State & Compulsory Benefits

Retirement benefits are provided through the employee's scheme, administered by the Federal Pension Service (FPS).

Typical Employer Practice

Around 95% of multinational and local leading employers provide supplementary retirement benefits (provision is significantly less amongst small employers outside the scope of industry pension plan provision); benefits are provided through the following occupational pension plans: ....

The report contains more information on retirement benefits in Belgium including Benefit Provider; Type of Plan; Eligibility; Retirement Age; Pensionable Salary; Vesting and more



Termination Indemnities

Benefit provider

State & Compulsory Benefits

Termination indemnities are provided by employers through severance pay. Employers must also provide a termination indemnity equal to six months of the employee's salary where terminating an employment contract with disregard to protection against dismissal for paternity leave or maternity leave. In addition, a ...

Typical Employer Practice

Employers may provide supplementary termination indemnities at the employer's discretion or as agreed in an employment contract. The total severance pay for a Chief Executive Officer …

More information on Eligibility; When Benefit is Paid; Benefit details and the associated Taxation applicable to termination indemnities is available in the report.

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