Research and Markets ( has announced the addition of the “Employee Benefits in Spain” report to their offering.

The Spanish social security system covers the country’s entire population, including foreigners who work in the country. It also protects those of Spanish origin, as well as their dependents who reside in foreign countries. The main objective of this system is to formulate a single and integrated model of social protection, in order to guarantee adequate social assistance and a source of funds for various benefits, with contributions from insured individuals, employers and the state.

However, the recent sovereign debt crisis in Europe has adversely impacted the Spanish social security system. The recession in property dealings in 2008 affected Spain’s property and housing sector, and thus raised the level of unemployment. As a result of this, the payment of unemployment benefits has increased, raising government expenditure, and forcing the state to impose high taxes and charge for all free medical and healthcare services. Furthermore, the country’s private employee benefits sector was also adversely affected by the crisis.

Key Highlights

  • The Spanish social security system covers a large proportion of the population, and plays a significant role in the country’s employee benefits market
  • The social security system consists of eleven branches
  • Private benefit plans are provided by companies as a supplement to statutory benefits

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Country Statistics

4 Overview of Employee Benefits in Spain

5 Regulations

6 State and Compulsory Benefits

7 Private Benefits

8 Macroeconomic Indicators

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