Employee Benefits in Estonia

Date: 2015-09

Estonia has a well-developed social security system that covers the risks of employees, self-employed persons and their family members. The Estonian social protection system includes pension, health and unemployment insurance. Pension and health insurance are financed by social taxes, while unemployment insurance is financed by contributions. Benefits for disabled individuals, the national pension, death grants and family benefits are funded by general state revenues. The Ministry of Social Affairs is accountable for social security, social care and welfare. The main reforms of the Estonian pension system took place in the late 1990s. In 1999, the first pillar (state pension insurance schemes) was restructured, the second pillar (compulsory funded pension schemes) was introduced in 2002 and the third pillar (private pension schemes) was established in 1998. Private pension programs are offered to employees by the private companies in Estonia.

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