Social Security Agreements With India

Despite years of negotiations, the United States has not signed the Totalization Agreement, also known as the Social Security Agreement (SSA) with India, to protect the rights of IT and other service workers who share their professional careers between India and the United States. SSA is a bilateral agreement between India and a foreign country, which aims to protect the interests of border workers. The agreement provides for the avoidance of “double coverage” and guarantees equal treatment of workers in both countries from a social security perspective. The IW applies to foreigners working in an institution in India that is required to contribute to the provision of contingency funds. As a result, each eligible IW had to be included in the programs as of November 1, 2008. This has allowed India to bring other countries with large populations in India to the table to negotiate social security agreements (SSAs) with these countries. This time, however, India believes that its chances of convincing the United States of compatibility are greater, as it has introduced several new social security systems for the elderly and those in the disorganized sector in recent years. India supports the proposed discussions with the US Social Security Administration (SSA) on the long-standing totalization agreement, believing that the two countries` systems are now more compatible than before. The deal could help Indian companies in the United States save up to $4 billion in social security contributions a year.

Although there are a number of practical challenges, the PF authorities have consistently clarified the way in support of the successful implementation of the SSA. The increasing coverage of countries under bilateral agreements, combined with good implementation, brings considerable benefits to the mobile population with its employers and is therefore a step in the right direction. “I told President (US) Trump that the contribution of our Social Security experts should be discussed further as part of a totalization agreement.