Social Security Agreement
The Government
of India has entered into an agreement on Social Security with the Government
of Belgium and a few more countries. This agreement aims at achieving
equality on the principles of reciprocity and is intended to benefit the
employees and employers of both India as well as Belgium. The salient
features of the agreement are:
The employees of the home country deputed by their employers,
on short-term assignment for a pre-determined period of up to 60 months,
to the host country need not remit social security contribution in that
country.
Export of pension due under the legislations of one country to
the other country, where the member might choose to live, is possible.
Totalisation of the contribution periods earned while in service
in both the countries for the purpose of deciding eligibility to benefits
is possible under certain circumstances.
The employers are saved from making double social security contributions
for the same set of employees, thereby enhancing the competitiveness of
their products and services.