Hybrid working gained momentum with the corona crisis. Cross-border employment relationships may experience issues with regard to the applicable social security system with a corresponding impact on the employee benefit plans regarding pension, disability and health care coverage for your employees.
However, a new European framework agreement ensures that teleworking by frontier workers will be facilitated as of July 1, 2023. Employees who telework less than 50% of their working hours in their country of residence will - provided certain conditions are met - remain subject to the social security system of their country of work. This is good news, because it means the collective plans for this group of workers can be maintained.
On 1 January 2025, the statutory retirement age in Belgium will rise from 65 to 66. Five years after that, it will be 67. How do these changes affect your company’s supplementary personnel schemes? A quick update.
The increase in the minimum guaranteed return on supplementary pensions has been officially announced. The change will take effect at the beginning of 2025. Here is an update.
The minimum guaranteed return on supplementary pensions has been 1.75% since 2016. On 1 January 2025, following this long period at a constant level, the statutory guaranteed return will rise to 2.50%. What impact does this increase have on your company’s pension schemes?
By means of global benefits management, your organisation can easily run a strong employee benefits package worldwide. This structured, central approach provides a useful overview of all benefits and enables you to put together an attractive package in the war for talent. If social security is non-existent or too limited in one of the countries where you’re based, you can also provide your employees there with additional support through this insurance package. Employee benefits expert Kristof Baertsoen talks about the advantages of global benefits management in the latest episode of our video podcast Succes Verzekerd.