Employee Benefits in Zambia

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Main Title
Market Research Report 
Employee Benefits in Zambia
reportscue
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Synopsis The report provides in-depth industry
analysis, information and insights into employee
benefits in Zambia, including An overview of
state and compulsory benefits in Zambia
Detailed information about private benefits in
Zambia Insights into various central
institutions responsible for the administration
of the different branches of social security 
The regulatory framework for Zambian employee
benefits
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Report OverviewThe Zambian social security
system is based on the social insurance model and
provides protection against income loss due to
retirement, disability and death. All employed
individuals in the formal sector are required to
contribute to statutory pension scheme.
Individuals not covered by the scheme can
contribute voluntarily. The combined asset
size of the statutory pension scheme was
estimated to be ZMW6.0 billion (US1.0 billion)
in 2012, while the voluntary pensions combined
asset-size was ZMW3.2 billion (US549.0 million).
However, the insurance industrys growth was
recently affected by bottlenecks such as its
legal framework, fiscal regime and investment
climate, which are expected to be addressed by
the Pensions and Insurance Authority in 2015.
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Scope This report provides a detailed analysis
of employee benefits in Zambia 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, medical benefits,
workmens compensation, maternity and paternity
benefits, and annual vacations It highlights
the economic situations relating to employee
benefits in Zambia
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Key Highlights The Zambian social security
system is based on the social insurance model and
provides protection against income loss due to
retirement, disability and death. All employed
individuals in the formal sector are required to
contribute to statutory pension scheme. 
Retirement benefits, death benefits, disability
benefits, short-term sickness benefits, maternity
benefits and workmens compensation benefits form
a part of state and compulsory benefits in
Zambia. Incentive pay, travel insurance,
transport, relocation benefits, life insurance
benefits and group accidental benefits are
examples of private benefits. 
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Table of Contents 1 Executive Summary 2
Introduction3 Country Statistics 4 Overview of
Employee Benefits in Zambia 5 State and
Compulsory Benefits6 Private Benefits7
Macroeconomic Indicators8 Appendix
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Reason To Buy Make strategic decisions using
in-depth information related to employee benefits
in Zambia Assess the Zambias employee
benefits market, including state and compulsory
benefits and private benefits Gain insights
into the key employee benefit schemes offered by
private employers in Zambia Gain insights into
key organizations governing Zambias employee
benefits, and their impact on companies To
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nefits-in-zambia-market