How does the social security agreement between India and Argentina benefit professionals
India and Argentina recently signed a social security agreement. Explain the advantages and benefits of this agreement for professionals from both countries.
The social security agreement between India and Argentina benefits professionals from both countries in several ways:
- Portability of benefits: Professionals who work in either India or Argentina can transfer their social security benefits, such as pensions and disability benefits, between the two countries.
- Elimination of double contributions: The agreement ensures that professionals do not have to make social security contributions in both countries simultaneously. They can contribute in their country of residence and be exempted from making contributions in the other country.
- Continuation of benefits: Professionals who have contributed to the social security system in one country can receive their benefits even if they relocate to the other country.
- Healthcare access: The agreement allows professionals to access healthcare services in both countries by maintaining their coverage.
- Enhanced mobility and opportunities: With the agreement in place, professionals from India and Argentina can easily move between the two countries without worrying about their social security benefits.
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a year ago