Puerto Rico Statutory and Private Employee Benefits Report 2022 Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Puerto Rico Statutory and Private Employee Benefits (including Social Security) – Insights into Statutory Employee Benefits such as Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits as well as Other State and Private Benefits, 2022 Update” report has been added to ResearchAndMarkets.com’s offering.

The Employees Retirement System (ERS) and Teachers Retirement System (TRS) are the major governing bodies of social security.

The existing retirement system was introduced in 1951 as a defined benefit plan, but over the years evolved into a hybrid plan. The systems now provide coverage for retirement, disability and death.

The report provides in-depth industry analysis, information, and insights of the employee benefits in Puerto Rico, including an overview of the state and compulsory benefits in Puerto Rico, detailed information about the private benefits in Puerto Rico, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Puerto Rico.

Key Highlights

• The ERS and TRS organizations are responsible for the functioning of the overall social security system.
• A person’s national insurance contribution is determined based on their income.
• An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution.
• In Puerto Rico, employers provide voluntary retirement benefits to their employees through qualified pension, stock bonus and profit sharing plans.

Scope

• 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, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, family benefits, unemployment, leaves and holidays and private benefits
• It highlights the economic and regulatory situations relating to employee benefits in Puerto Rico

Key Topics Covered:

1. Executive Summary

2. Introduction

2.1 What is this Report about?

2.2 Definitions

3. Country Statistics

4. Overview of Employee Benefits in Puerto Rico

5. Regulations

6. State and Compulsory Benefits

6.1 Retirement Benefits

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.2 Death in Service

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.3 Long-Term Disability Benefits

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.4 Short-Term Sickness Benefits

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.5 Medical Benefits

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.6 Workers’ Compensation insurance

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.7 Maternity and Paternity Benefits

• Introduction
• Eligibility
• Benefits
• Payment options
• Contribution

6.8 Other Benefits

• Family Benefits
• Unemployment benefits
• Leaves and Holidays

7. Private Benefits

7.1 Retirement Benefits

7.2 Death Benefits

7.3 Disability Benefits

7.4 Medical Benefits

7.5 Accidental and Dismemberment Benefits

7.6 Other Benefits

For more information about this report visit https://www.researchandmarkets.com/r/swrfo1

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