New Delhi: Employees posted by Indian establishments in Japan will not be required to contribute towards social security schemes in that country from October 1, as a bilateral agreement will come into force.
Similarly, Japanese employees posted in India would enjoy the same benefit after producing a certificate of coverage certifying that they are contributing towards social security schemes such as PF and pension in their home country.
"The Agreement on Social Security between India and Japan shall come into force with effect from October 1, 2016. With this addition number of Social Security Agreement (SSA) that would become operational would be sixteen," Labour Ministry said in statement.
The SSA between India and Japan was signed in Tokyo on November 16, 2012. Bilateral SSA are made with other countries to protect the interests of Indian professionals, skilled workers working abroad.
While under Detachment provisions, International Workers are exempted from making contribution in the host country, the Totalisation allows aggregating residency periods of social security contribution made by the Indian worker / professional in India and the foreign country to qualify for retirement benefits. The Portability further allows one to avail benefits in either country
It said that Indian and Japanese workers who are working in Japan and India respectively will benefit from the pact.
The forum is being planned to impress the BRICS group to adopt a resolution to take the necessary steps to ensure that SSAs are entered into between the member countries of BRICS.
Similarly, Japanese employees posted in India would enjoy the same benefit after producing a certificate of coverage certifying that they are contributing towards social security schemes such as PF and pension in their home country.
"The Agreement on Social Security between India and Japan shall come into force with effect from October 1, 2016. With this addition number of Social Security Agreement (SSA) that would become operational would be sixteen," Labour Ministry said in statement.
The SSA between India and Japan was signed in Tokyo on November 16, 2012. Bilateral SSA are made with other countries to protect the interests of Indian professionals, skilled workers working abroad.
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While under Detachment provisions, International Workers are exempted from making contribution in the host country, the Totalisation allows aggregating residency periods of social security contribution made by the Indian worker / professional in India and the foreign country to qualify for retirement benefits. The Portability further allows one to avail benefits in either country
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It said that Indian and Japanese workers who are working in Japan and India respectively will benefit from the pact.
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The forum is being planned to impress the BRICS group to adopt a resolution to take the necessary steps to ensure that SSAs are entered into between the member countries of BRICS.
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