Social Security Agreement Australia Hong Kong

New Zealand has bilateral social security agreements with several countries. Each agreement allows New Zealanders to access certain benefits or pensions when they move to those countries and allows similar rights for people who leave those countries to travel to New Zealand In order to qualify for benefits under the U.S. social security program, a worker must have acquired sufficient work credits, called coverage quarters, to meet certain “insured status requirements”. For example, a worker who reaches age 62 in 1991 or later typically needs 40 calendar quarters to be insured for old-age benefits. If a worker has some U.S. coverage but is not sufficient to qualify for benefits, the SSA counts, under a tabling agreement, the periods of insurance that the worker has earned under a contracting country`s social security program. Similarly, a country that is a party to an agreement with the United States will consider a worker`s coverage in the United States. -, if necessary, to qualify for the social security benefits of that country. If the combined credits in both countries allow the worker to meet the eligibility conditions, then a partial benefit may be paid depending on the share of the worker`s total career completed in the paying country.

Under these agreements, Australia equates periods of social security/residence in these countries with periods of Australian residence in order to respect the minimum entitlement periods for Australian pensions. Typically, other countries count periods of work stay in Australia as social security periods to fulfill their minimum payment periods. As a rule, each country pays a partial pension to a person who has lived in both countries. Australia currently has 31 international social security agreements, several of which are under negotiation. These agreements are bilateral agreements that fill social security gaps for people migrating between countries. They do so by removing obstacles to the payment of pensions in national legislation, such as.B. Requirements: A worker may be exempted from coverage in a contracting country under certain conditions, even if he or she has not been employed there directly from the United States. For example, if a U.S. company sends an employee from its New York office to work for 4 years in its Hong Kong office and then transferred them to their London office for another four years, the employee may be exempt from UK social security coverage in the US and UK.

It is an agreement. The exemption rule applies in such cases, provided that the worker was originally posted from the United States and remained under U.S. social security coverage for the entire period prior to the posting to the contract country. Any agreement (with the exception of the one concluded with Italy) provides for a derogation from the territoriality rule, which aims to minimise disruptions in the coverage of the careers of workers whose employers temporarily send them abroad. Under this derogation for “exempted workers”, a person temporarily transferred to another country for the same employer remains covered only by the country from which he or she was posted. For example, a U.S. citizen or resident who is temporarily transferred by a U.S. employer to work in a contracting country remains covered by the U.S.

program and is exempt from coverage under the host country system. The worker and employer only contribute to the U.S. program. Anyone who wants more information about the U.S. Social Security Conventions program — including details of some existing agreements — should write: If you have any questions about international social security conventions, call the Social Security Administration`s Office of International Programs at 410-965-3322 or 410-965-7306. However, please do not call these numbers if you wish to inquire about an individual entitlement to benefits. . . .

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