A Social Security Agreement (SSA) is a bilateral agreement between two countries that aims to coordinate and collaborate on social security programs to benefit citizens of both countries. The agreement defines the terms and conditions of social security coverage for individuals who have worked in both countries. Recently, India and France signed an SSA on social security, marking a significant milestone in their bilateral relationship.
The agreement was signed in March 2018 and came into effect from September 1, 2019. The SSA is expected to benefit thousands of Indians residing in France and vice versa. The agreement covers a wide range of social security matters, including pension, healthcare, disability, and survivor benefits. It also provides for the totalization of social security benefits earned in both countries.
Under the SSA, Indian workers who have worked in France and contributed to the French social security system will be able to receive their social security benefits while living in India. Similarly, French workers who have worked in India and contributed to India`s social security system will be able to receive their social security benefits when they return to France. The agreement will also exempt Indian workers in France from paying social security contributions in France if they are already contributing to India`s social security system.
The SSA between India and France is expected to boost economic cooperation and strengthen ties between the two countries. It will provide greater confidence to Indian and French professionals and their families, who work or plan to work in either country.
For Indian expatriates in France, the agreement will provide them with better social security coverage and protect their rights in case of job loss or retirement. It will also make it easier for them to return to India and receive their social security benefits without any hassles.
The SSA is a significant development for Indian companies operating in France and French companies operating in India. It will simplify the administration of social security and avoid the duplication of social security payments.
In conclusion, the SSA signed between India and France is a crucial step towards securing the rights of Indian and French workers. It will also help to strengthen the economic and political ties between the two countries. The agreement is a win-win for both nations and sets a positive precedent for similar agreements with other countries in the future.