List Of Countries With Which India Has Social Security Agreement

“India is in favour of discussions due to the introduction of new social security systems in the country in recent years and the expansion of coverage, which has led to greater compatibility of the two countries` systems,” a development official told BusinessLine. While the SSA is focused on easing the cross-border complexity of social security, there are still some issues and challenges that require special attention to maximize the benefits of these bilateral agreements. Because different ASSs have different conditions and requirements, the conditions of each ASA must be carefully reviewed in order to obtain maximum benefits. Under these agreements, Australia equates social security periods/stays in these countries with periods of Australian residence in order to meet minimum qualification periods for Australian pensions. In other countries, periods of Australian working life are generally counted as social security periods to meet their minimum payment periods. Typically, each country pays a partial pension to a person who has lived in both countries. This time, however, India believes that its chances of convincing the United States of compatibility are greater, as it has introduced several new social security systems for the elderly and those in the disorganized sector in recent years. As part of the secondment or abolition of the dual contribution, workers who have moved to a SSA country are exempt from social security in the host country for a certain period of time (specific to each SSA), provided that they continue to pay social security contributions in their home country. This benefit can be used by obtaining a “guarantee certificate” (CoC) from the national authorities responsible for social security and presented to the social security authorities of the host country. New Delhi and Washington had several roundtable discussions on a totalization agreement a decade ago. But the talks were suspended because the United States said that India had not been able to offer its citizens enough social security and that the two countries` systems were too incompatible for a pact to be drawn up. The globalization of the economy and the development of international trade and the international economy have greatly strengthened the free movement of people across the regions.

The existence of different regulations in different countries often plays an important role in the cross-border free movement of workers or self-employed workers. India supports the proposed discussions with the US Social Security Administration (SSA) on the long-standing totalization agreement, believing that the two countries` systems are now more compatible than before. The deal could help Indian companies in the United States save up to $4 billion in social security contributions a year. In accordance with the total benefit clause, the time provided by a worker in the host country must be made to verify the “properness” of the social security benefit in the country of origin and vice versa. However, payment is limited, on a pro-rata basis, to the length of service in that country. Some believe, however, that the United States may not be willing to consider a pact until India has a universal social security system in place. “It is possible that the US SSA will insist on a universal social security system covering the entire population before agreeing to a totalization pact,” said a Delhi trade expert.