Kenya Statutory and Private Employee Benefits Insights Report 2022: Retirement Benefits, Long-term and Short-term Sickness Benefits, Medical Benefits, Other State and Private Benefits - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Kenya 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 report provides in-depth industry analysis, information, and insights of the employee benefits in Kenya, including an overview of the state and compulsory benefits in Kenya, detailed information about the private benefits in Kenya, 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 Kenya.

Kenya's social security system is considered important for the security of workers, their families, and the community. The Kenyan social security system is divided into three pillars - a public scheme, occupational schemes, and individual schemes.

The Kenyan social security system provides compulsory benefits such as old-age, disability, sickness, death, maternity, work injury, unemployment, and medical care, for different groups of individuals such as children, employed, unemployed, retired, or elderly individuals.

Key Highlights

• The Retirement Benefits Authority, National Social Security Fund (NSSF), and National Hospital Insurance Fund (NHIF) 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 Kenya, many large employers provide retirement benefits through a defined contribution plan. They may purchase a pension plan from a third party or create a provident fund, very few employers offer defined benefit 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 Kenya

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 Kenya

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

• 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 Death and Dismemberment Benefits

7.6 Other Benefits

For more information about this report visit https://www.researchandmarkets.com/r/j9u3q5