Quantcast

Costa Rica

Employee Benefits Report

Product Employee Benefits Reports Rev Costa Rica

Key Highlights

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

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

Costa Rica Report Extract

Below is a very brief extract of information from the Costa Rica 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:

  • Regime of Invalidity, Old Age and Death (Regimen de Invalidez, Vejez y Muerte - IVM), administered by the Costa Rican Social Security Fund (Caja Costarricense de Seguro Social - CCSS), and
  • Regime of Mandatory Complementary Pensions (Regimen Obligatorio de Pensiones Complementarias - ROP), administered by a private pension fund provider (Operadora de Pension Complementaria) as chosen by the employee.

The CCSS are considering three proposals to reform the IVM …

Typical Employer Practice

It is not common for employers to provide supplementary retirement benefits.

The report contains more information on retirement benefits in Costa Rica 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 employer paid severance benefits and the Labour Capitalisation Fund (Fondo de Capitalizacion Laboral - FCL). Employer contributions to the FCL equal …

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.

Back to Report Store

You may also be interested in these reports...

£450

Ready to talk? We're here to help.

Whether you need more information or to discuss which products are best suited to your needs, our dedicated team are here to help.

Get in touch