On Wednesday October 08 the German Government represented by State Secretary of the German Federal Ministry of Labour and Social Affairs, Mr. Franz-Josef Lersch-Mense, and the Ambassador of the Federal Republic of Germany to India, Mr. Bernd Muetzelburg, are going to sign an Indo-German Agreement on Social Security. For the Indian Government Secretary K. Mohandas of the Ministry of Overseas Indian Affairs will sign the Agreement in the presence of Minister Vayalar Ravi.
This new Social Security Agreement will simplify regulations on social security between the two countries. It will protect the interests of all those professionals sent from India-based companies to their German subsidiaries, or those being sent by German companies to India-based branches on the basis of short-term contracts (up to 48 months with an option of another 12 months extension) by securing exemption from social security contribution in their host country. While working abroad these employees will only be subject to the social security regulations of their home country. Thus, complicated changes and applications for reimbursements will be avoided in the future.
The Agreement is the result of an intensified cooperation between India and Germany in matters of social security. For the Federal Republic of Germany the social security agreement will be in effect after the official consent of both Houses of the German Parliament.
Both sides are considering to also elaborate a comprehensive Social Security Agreement comprising of regulations concerning the exports of pensions, the mutual recognition of entitlements, the totalisation of contribution periods as well as a closer administrative cooperation of the social security institutions of both countries.
This new Social Security Agreement will simplify regulations on social security between the two countries. It will protect the interests of all those professionals sent from India-based companies to their German subsidiaries, or those being sent by German companies to India-based branches on the basis of short-term contracts (up to 48 months with an option of another 12 months extension) by securing exemption from social security contribution in their host country. While working abroad these employees will only be subject to the social security regulations of their home country. Thus, complicated changes and applications for reimbursements will be avoided in the future.
The Agreement is the result of an intensified cooperation between India and Germany in matters of social security. For the Federal Republic of Germany the social security agreement will be in effect after the official consent of both Houses of the German Parliament.
Both sides are considering to also elaborate a comprehensive Social Security Agreement comprising of regulations concerning the exports of pensions, the mutual recognition of entitlements, the totalisation of contribution periods as well as a closer administrative cooperation of the social security institutions of both countries.
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