Agreement signed b/w India & Finland to boost cooperation on social security

June 13, 2012

India and Finland inked pact in New Delhi to boost bilateral cooperation on social security.

Subsequent to the agreement:

No social security contribution will be paid by detached Indian nationals working on a short term contract up to 5 years in Finland, provided they continue to make payment in India and the benefit will be provided even if an Indian company sends its employees to Finland from a third country.
Indian workers will be entitled to the export of social security benefit if they are relocated to their home country after completing their service in Finland.
Self-employed Indian nationals can also avail same benefits on their relocation to India
The period of contribution in one contracting state will be added to the period of contribution in the second contracting state for determining the eligibility of social security benefits.