Compulsory social insurance definition

Compulsory social insurance means a form of social insurance organized by the State in which employees and employers are required to participate.
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Compulsory social insurance means a type of social insurance offered by the State in which both employees and employers are obliged to participate.
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Examples of Compulsory social insurance in a sentence

  • Compulsory social insurance contributions (in Switzerland: AHV/IV/EO/AIV/BVG) for the Consultant, associates and/or employees of the Consultant, must be deducted and paid to the relevant institutions.

  • Taxable.Survivor’s pension (Pensión de viudedad u orfandad a favor de familiares): Compulsory social insurance scheme for employees.

  • Since 2012 the system changed and the first 3 days only 50% of salary is paid, 75% from the fourth day to 20th and 100% since 21st onwards.Maternity/Paternity leave benefit (Prestación por maternidad): Compulsory social insurance scheme payable through employers that covers the following situations: maternity, adoption and permanent or simple fosterage (according to the Civil Code or to the Autonomous Communities that regulate it), provided that in this last case, the duration is not below a year.

  • The amount of the benefit depends on the contributions paid by the deceased person and on personal circumstances of the beneficiaries (for example, it may depend on number of dependants in family unit and on the fact that orphanhood is complete).Unemployment insurance (Prestación por desempleo contributiva): Compulsory social insurance scheme for employees able and available for work who have lost their job.

  • Compulsory social insurance covers cases of illness, pregnancy, labour accidents, occupational diseases, and pension or survival benefits.

  • Benefits are subject to taxation and while receiving it social security contributions must be paid.Disability pension (Pensión contributiva por incapacidad permanente): Compulsory social insurance scheme for employees with contribution-related benefits in case of permanent incapacity (incapacidad permanente).

  • Absolute permanent incapacity and severe incapacity benefits are not taxable.Old-age pension (Pensión contributiva por jubilación total o por jubilación parcial): Compulsory social insurance scheme for employees that have either completely stopped working and are entitled to receive old-age benefits or workers that have decided to reduce their working hours and to combine partial old-age benefits with salaries from work.

  • Compulsory social insurance paid by individuals with competing insurers and a government-approved insurance plan.

  • Compulsory social insurance management costs shall be equivalent to management costs of state administrative agencies, covering the following items: a/ Regular expenses; b/ Irregular expenses, including: - Expenses for making social insurance books, papers and forms and for collection and spending work; - Expenses for overhaul and procurement of fixed assets, scientific research and professional training.

  • Compulsory social insurance paid by individuals with competing insurers and a government-approved insurance plan (Switzerland).6.

Related to Compulsory social insurance

  • Travel Insurance means coverage for personal risks incidental to planned travel, including one or more of the following:

  • FHA Insurance The contractual obligation of FHA respecting the insurance of an FHA Loan pursuant to the National Housing Act, as amended.

  • Insurance means comprehensive insurance of the vehicle(s)/equipment and shall include insurance of the crew.

  • group insurance means insurance, other than creditor’s group insurance and family insurance, whereby the lives of a number of persons are insured severally under a single contract between an insurer and an employer or other person; (“assurance collective”)

  • Co-insurance means the percentage of the usual, reasonable, customary, and fair market value expense that a covered person must pay.

  • First party insurance means an insurance policy or contract in which the insurer agrees to pay a claim submitted to it by the insured for the insured's losses.

  • Unemployment Insurance means the contribution required of Vendor, as an employer, in respect of, and measured by, the wages of its employees (or subcontractors) as required by any applicable federal, state or local unemployment insurance law or regulation.

  • Health insurance carrier or "carrier" means any entity subject to the insurance

  • Individual health insurance coverage means health insurance coverage offered to individuals in the

  • Health insurance means protection which provides payment of benefits for covered sickness or injury.

  • Other Insurance means insurance available to any covered person that covers a loss to which this policy applies, other than either primary insurance or insurance specifically purchased by you to be excess of the insurance afforded by this policy.

  • Health insurance coverage means benefits consisting of medical care (provided directly, through

  • Policy means Related Party Transaction Policy.

  • Self-insurance means the licence holder's financial capacity to meet any liability to a third party in respect of which the licence holder does not otherwise have insurance.

  • Social worker means a person with a master's or further

  • In-Orbit Insurance means, with respect to any Satellite (or, if the entire Satellite is not owned by the Issuer or any Restricted Subsidiary, as the case may be, the portion of the Satellite it owns or for which it has risk of loss), insurance (subject to a right of co-insurance in an amount up to $150.0 million) or other contractual arrangement providing for coverage against the risk of loss of or damage to such Satellite (or portion, as applicable) attaching upon the expiration of the launch insurance therefor (or, if launch insurance is not procured, upon the initial completion of in-orbit testing) and attaching, during the commercial in-orbit service of such Satellite (or portion, as applicable), upon the expiration of the immediately preceding corresponding policy or other contractual arrangement, as the case may be, subject to the terms and conditions set forth in this Indenture.

  • Group health insurance coverage means in connection with a group health plan, health insurance

  • Industrial insured means an insured:

  • Medical malpractice insurance means insurance against legal liability incident to the practice and provision of a medical service other than the practice and provision of a dental service.

  • Crew Insurances means insurances against crew risks which shall include but not be limited to death, sickness, repatriation, injury, shipwreck unemployment indemnity and loss of personal effects.

  • Fidelity Insurance means insurance coverage with respect to employee errors, omissions, dishonesty, forgery, theft, disappearance and destruction, robbery and safe burglary, property (other than money and securities) and computer fraud in an aggregate amount acceptable to Seller’s regulators.

  • Liability Insurance means compulsory professional liability errors and omissions insurance required by a governing body;

  • general insurance business means any class of insurance business other than long-term insurance business;

  • Insurance carrier means every insurance carrier duly

  • policy of life insurance means any instrument by which the payment of money is assured on death (except death by accident only) or the happening of any contingency dependent on human life, or any instrument evidencing a contract which is subject to payment of premiums for a term dependent on human life;

  • Property Insurance is defined in Section 6.10(a).