Employee Benefits in France

Date: 2015-09

The French social security system is comprehensive in nature. It covers a wide variety of benefits such as healthcare, workmen’s compensation insurance, family allowances, old-age pensions, disability pensions and death benefits. Though the contribution made by employees and employers is huge, the French social security system is under severe financial strain due to the country’s aging population, which has led to an increase in spending on healthcare and pensions. The country’s social security budget is greater than its gross national product, which means that the cost incurred by the country for social security is more than the value of its domestic production.

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