India-Argentina ‘Social Security Agreement’

October 3, 2023

India and Argentina have signed a significant Social Security Agreement (SSA) aimed at protecting the rights of professionals and workers from both countries regarding social security contributions.

Key Provisions of the Agreement

The SSA covers areas related to old-age benefits, survivor’s pensions, and permanent, total disability pensions for employed individuals in India.
In Argentina, it applies to contributory benefits provided by the Social Security System.
The agreement ensures that detached workers and their family members, who temporarily work in another country, retain their rights to contributory benefits under local legislation without reduction, modification, suspension, suppression, or retention.

Framework for Insurance Period and Contributory Benefits

The SSA establishes a legal framework for regulating the insurance period (period of services with contributions) and contributory benefits for detached workers, including crew members of airlines and ships.
It ensures the smooth export of these benefits to the home country of the worker.

Growing Economic and Commercial Ties

Economic and commercial ties between India and Argentina have witnessed significant growth in recent years.
Indian companies like TCS, Infosys, Bajaj, and others have invested over USD 1 billion in Argentina.
Argentine companies, including Globant and Techint, have substantial operations in India.

Facilitating Movement of Professionals

The SSA addresses the increasing number of Indian professionals working in Argentina and Argentine nationals seeking employment in India.
It establishes a legal framework to protect their social security contributions and rights.

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