Signing of the Agreement between Japan and Republic of India on Social Security
November 16, 2012
- On Friday, November 16, the Agreement between Japan and Republic of India on Social Security (hereinafter referred to as “Agreement”) ) was signed in Tokyo between Mr. Koichiro Gemba, Minister for Foreign Affairs of Japan and Ms. Wadhwa, Ambassador of India.
- Between Japan and India, employees who are temporarily dispatched to India by Japanese companies and to Japan by Indian companies are obliged to join the pension system of both countries thus causing duplicable payments of social security contribution.
The Japan-India Social Security Agreement is aimed to solve these problems. Upon the entry into force of this Agreement, those employees temporarily dispatched for a period of five years or less to the other country will, in principle, join only the pension system of the country from which employees are dispatched. It will also be able, based on the Agreement, to establish eligibility of receiving a pension in each country by totalizing the periods of the coverage in both countries.
- It is expected that the conclusion of this Agreement will reduce the burden imposed on companies and employees as well as further promote economic and human exchanges between Japan and India.
- (*The foregoing is a provisional translation. The date indicated above denotes the date of issue of the original press release in Japanese.)