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Estonia

Employee Benefits Report

Product Employee Benefits Reports Rev Estonia

Key Highlights

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

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

Estonia Report Extract

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

Retirement

Benefit Provider

State & Compulsory Benefits

Retirement benefits are provided as follows:

  • Pillar I - state pension insurance, administered by the Social Insurance Board
  • Pillar II - voluntary funded pension, administered by a registered pension fund
  • Pillar III - supplementary funded pension, administered by a registered pension fund

Effective 1 January 2021, in line with the pillar II pension reform, participation in pillar II has become …

Typical Employer Practice

Employers do not typically provide supplementary funded pension.

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



Termination Indemnities

Benefit provider

State & Compulsory Benefits

Termination indemnities (known locally as redundancy) are provided by the employer. Termination indemnities are also provided through …

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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