Employee Benefits in Russia, New Report Launched

Russia underwent major economic and political change following the collapse of the Soviet Union in 1991. During this two-decade transition period, a number of changes were made to the country’s social security system, including the development of private employee benefit plans, the establishment of a three-tier pension system, and the setting up of cost-of-living compensation.

The report provides in-depth industry analysis, information and insights into employee benefits in Austria, including:

• An overview of state and compulsory benefits in Russia
• Detailed information about private benefits in Russia
• Insights into the various central institutions responsible for the administration of the different branches of social security
• The regulatory framework and recent regulations relating to Russian employee benefits

Scope

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

• 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 benefits, medical benefits, workmen's compensation, maternity and paternity benefits, family benefits, minimum resources, unemployment, long-term care benefits and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in Russia

Reasons to Buy

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

Key Highlights

• The Russian social security system follows a dual system: social insurance and social assistance
• Social insurance is funded by federal, regional and local budgets, and from autonomous funds such as the Pension Fund of the Russian Federation, the Federal Social Insurance Fund of the Russian Federation and the Federal Medical Insurance Fund. Social assistance is funded by the federal budget
• Private employee benefit plans are voluntary in nature. In Russia, traditional employee benefit plans similar to western standards are not yet practiced by all employers
• Contributions for private employee benefits are made by employers. Employees do not make any contributions for private benefits, except for corporate pension plans
• In Russia, state and compulsory benefits such as retirement, death in service, long-term disability, short-term sickness, medical, maternity and paternity, family allowance, long-term care and unemployment are supervised by the Ministry of Labor and Social Protection and the Ministry of Healthcare.

Spanning over 53 pages, “Employee Benefits in Russia” report covering the Introduction, Country Statistics, Overview of Employee Benefits in Russia, Regulations, State and Compulsory Benefits,  Private Benefits, Macroeconomic Indicators, Appendix.

Know more about this report at – http://mrr.cm/ZEr

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