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Brazil

Employee Benefits Report

Product Employee Benefits Reports Rev Brazil

Key Highlights

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

  • 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 Brazil. 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 Brazil provides expert analysis of the Brazilian benefits landscape, detailing state and compulsory benefits and local market practice across necessary to know when employing staff in Brazil 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 Brazil, 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 Brazil, the report outlines the employment benefits requirements for your employees in Brazil. 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 Brazil, the local political situation, and climate, operational, and security risks.

Brazil Report Extract

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

Retirement

Benefit Provider

State & Compulsory Benefits

Retirement benefits are provided under the General Social Security Regime (Regime Geral de Previdencia Social), administered by the National Institute of Social Insurance (Instituto Nacional do Seguro Social - INSS). Employers are required to provide termination indemnities when …

Typical Employer Practice

Around 75% of multinational and local leading employers provide supplementary retirement benefits (provision is around 30% amongst smaller employers, among medium sized companies it is …

The report contains more information on retirement benefits in Brazil 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 through the Guaranteed Fund for Length of Service (Fundo de Garantia do Tempo de Servico - FGTS), administered by the Federal Savings Bank (Caixa Economica Federal - CEF). The FGTS provides benefits on a defined contribution basis; benefits are fully funded. Employer contributions to the FGTS are equal to …

Typical Employer Practice

Employers do not typically provide supplementary termination indemnities.

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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£450

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