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.