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Research and Markets: 2015 Analysis of Employee Benefits in Peru
[February 27, 2015]

Research and Markets: 2015 Analysis of Employee Benefits in Peru


Research and Markets (http://www.researchandmarkets.com/research/lk3gzm/employee_benefits) has announced the addition of the "Employee Benefits in Peru" report to their offering.

The social security system in Peru is still undergoing significant change, with low social security contributions due to the informal nature of the labor market as most of the workers are self-employed and lack of information and valuation within the system. In the early 1990s, during the country's financial crisis and the near-collapse of the Sistema (News - Alert) Nacional de Pensions (state-run pension system or SNP), the social security system introduce the Sistema Privado de Pensions (private pension system, or SPP) to offer benefits in the event of old age, disability and death.



The SPP is administered by private entities - Administradora de Fondo de Pensions (pension fund administrators, or AFP). The SNP functions as a defined-benefit (DB) system and the SPP functions as a defined contribution (DC) system. The participation of private health contractors was promoted through a complementary scheme, under the supervision of the then Superintendent of Health Service Company (SEPS). The Comprehensive Health Insurance (SIS) was introduced in 2002 to provide universal cover for essential health services and income security to nationals. Peru enacted the Law of Universal Health Insurance in 2009. Later, the Ministry of Development and Social Inclusion (Ministerio del Desarrollo e inclusion Social, MIDIS) was created by Act No. 29792 on October 20, 2011. Private employee benefits are also slowly gaining popularity in the country.

Key Topics Covered:


1 Executive Summary

2 Introduction

3 Country Statistics

4 Overview of Employee Benefits in Peru

5 Regulations

6 State and Compulsory Benefits

7 Private Benefits

8 Macroeconomic Indicators

9 Appendix

For more information visit http://www.researchandmarkets.com/research/lk3gzm/employee_benefits


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