India and Republic of Portugal Signed a Social Security Agreement

Mar 5, 2013 10:19 IST

Social Security Agreement (SSA)A Social Security Agreement (SSA) was signed between India and Republic of Portugal on 4 March 2013 at New Delhi. The agreement was signed by Vayalar Ravi, the Minister of Overseas Indian Affairs and Paulo Sacadura Cabral Portas, Minister of State of Foreign Affairs of Portugal.

The bilateral social security agreement would help in taking advantage of the emerging employment opportunities and strengthening the trade and investments between the two countries. At present about 75000 Indians are living in Portugal and it includes self-employed people as well as working professionals.

Benefits that Indian nationals working in Portugal will get with the Social Security Agreement

• For short term contract of up to 5 year, no social security contribution should be paid under the Portuguese law by the detached workers, in case they are making their contribution of the social security payment in India.
• In case an employee is sent to Republic of Portugal by an Indian Company from a third company then also the benefits of the agreement will be available to the Indian worker.
• Indian workers shall be entitled to the export of the social security benefit if they relocate to India after the completion of their service in Republic of Portugal.
• The self-employed Indians in Republic of Portugal would also be entitled to export of social security benefit on their relocation to India.
• The period of contribution in one contracting state will be added to the period of contribution in the second contracting state for determining the eligibility for social security benefits.

India has signed the Social Security Agreement with 17 countries of the world and they are Belgium, Germany (Social Insurance), Hungary, Switzerland, France, The Czech Republic, Republic of Korea, Germany (Comprehensive SSA), Luxemburg, The Netherlands, Japan, Denmark, Norway, Finland, Canada, Sweden and Austria.

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Read more Current Affairs on: Social Security Agreement , Republic of Portugal , India

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