Employee Benefits in the Dominican Republic 2018
May 2018
43
About the Report
About the Report
Employee Benefits in the Dominican Republic 2018
Summary
The Dominican Republic has a comprehensive social security system. There are three schemes under which social security benefits are granted to the country's residents and citizens: a contributory scheme that covers employees; a contributory subsidized scheme for self-employed individuals and technicians that is yet to be implemented; and a fully subsidized scheme that covers unemployed and severely disabled persons who do not have a stable income and earn below the minimum wage. The 2003 economic crisis forced the government to reduce public social spending, discontinue several programs and focus on the social protection of the country's poorest residents through the introduction of the solidarity card and programs like the eating first incentive program, attendance incentive and incentive for higher education.
The report provides in-depth industry analysis, information and insights of the employee benefits in Dominican Republic, including: overview of the state and compulsory benefits in Dominican Republic, detailed information about the private benefits in Dominican Republic, 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 Dominican Republic.
Key Highlights
- State benefits are granted by the government of a particular country to all of its employed, self-employed and unemployed residents and their dependents.
- The benefits that are granted by private employers to their employees over and above the state and compulsory benefits are known as private benefits.
- The Dominican Republic's social security system is regulated and based on the Law 87-01, which was enacted on May 10, 2001.
- Compulsory benefits are provided by employers to their employees, and are mandated by law. Retirement, death, disability pension, sickness and maternity benefits, medical benefits and workmen compensation benefits form a part of state and compulsory benefits.
Scope
- This report provides a detailed analysis of employee benefits in Dominican Republic.
- 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, leave and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Dominican Republic.
Reasons to buy
- Make strategic decisions using in-depth information related to employee benefits in Dominican Republic.
- Assess Dominican Republic employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Dominican Republic.
- Gain insights into key organizations governing Dominican Republic employee benefits, and their impact on companies.
Products
Products
Employee benefits in the Dominican Republic, Retirement benefits, Death in service, Long-term disability benefits, Medical benefits, Workmen's compensation, Maternity and paternity benefits, Family benefits, Unemployment, Leave, Private benefits
Table of Contents
Table of Contents
Table of Contents
1 EXECUTIVE SUMMARY
2 INTRODUCTION
2.1 What is this Report About?
2.2 Definitions
3 COUNTRY STATISTICS
4 OVERVIEW OF EMPLOYEE BENEFITS IN DOMINICAN REPUBLIC
5 REGULATIONS
6 STATE AND COMPULSORY BENEFITS
6.1 Retirement Benefits
6.1.1 Introduction
6.1.2 Types of Retirement Plan
6.1.3 Eligibility
6.1.4 Age
6.1.5 Pensionable salary
6.1.6 Benefits
6.1.7 Payment options
6.1.8 Typical employer pract
Why Buy From US?
What makes us stand out is that our consultants follows Robust, Refine and Result (RRR) methodology. i.e. Robust for clear definitions, approaches and sanity checking, Refine for differentiating respondents facts and opinions and Result for presenting data with story
We have set a benchmark in the industry by offering our clients with syndicated and customized market research reports featuring coverage of entire market as well as meticulous research and analyst insights.
While we don't replace traditional research, we flip the method upside down. Our dual approach of Top Bottom & Bottom Top ensures quality deliverable by not just verifying company fundamentals but also looking at the sector and macroeconomic factors.
With one step in the future, our research team constantly tries to show you the bigger picture. We help with some of the tough questions you may encounter along the way: How is the industry positioned? Best marketing channel? KPI's of competitors? By aligning every element, we help maximize success.
Our report gives you instant access to the answers and sources that other companies might choose to hide. We elaborate each steps of research methodology we have used and showcase you the sample size to earn your trust.
If you need any support, we are here! We pride ourselves on universe strength, data quality, and quick, friendly, and professional service.