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India signs Social Security Agreements with Germany

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Posted on 03.11.2009 10:55

India signs Social Security Agreements with Germany

Hello all,

Has anyone more info on the above topic? For example, when it says social security need not be payed:
(a) when does it actually come into effect? for whom, for those already here or for new comers?
(b) Social security payment exemption here menas to include all RV, KV and AV or only RV?

http://www.seema-m...urity-agreements.html

kerwiss

kerwiss

Member since 24.03.2009

 

Posted on 04.11.2009 09:32

Re: India signs Social Security Agreements with Germany

Hello All

My understanding about the agreement is that it is only for the employees working for a short time (less than 5 years).
Therefore, NE leaving Germany after working for more than 5 years can still get the refund of all the pension money paid (not the employer contribution) by applying for it after leaving Germany for 24 months.

Is that correct?
Maddy

madddy

Member since 31.03.2009

 

Posted on 04.11.2009 11:46

Re: India signs Social Security Agreements with Germany

@Maddy
Yes it's correct

magi

Member since 11.01.2005

 

Posted on 04.11.2009 14:27

Re: India signs Social Security Agreements with Germany

@magi

If my understanding is correct then the FAQ of Trust7 is wrong.

Check this link http://trust7faq.wik.is/Pension_(Rente)

It is mentioned as follows:

Will I get my Pension refunded if I decide to leave Germany?
Yes, if you satisfy all of the below:

you dont have a German Citizenship
you dont belong to one of the Mitgliedstaates
you dont belong to one of the Abkommensstaates and have lived here for more than 5 years.


Especially, the last point clearly states that if you stay in Germany for more than 5 years and have a nationality to a abkommenstaaat (india) then you don't get it ...

Maddy

madddy

Member since 31.03.2009

 

Posted on 04.11.2009 15:18

Re: India signs Social Security Agreements with Germany

@Madddy
Please see the link.. http://www.deutsch...abkommensstaaten.html
India/china has only signed it for onsite/short term employees

magi

Member since 11.01.2005

 

Posted on 04.11.2009 20:28

Re: India signs Social Security Agreements with Germany

About your employer contribution to your pension pot. There is something called vesting period. If you have worked in the company for more than the vesting period (5 years usually), the employer contribution is added to your pension kitty.
This is your money. State Pension Fund cannot deduct this portion.

Employer contribution is a deferred compensation and to retain employees.

stutt23

Member since 19.01.2008

 

Posted on 04.11.2009 22:11

Re: India signs Social Security Agreements with Germany

@stutt23

this vesting period is considered with one Employer continuously(5 yrs) or its considered as just 5 yrs (with Different employers)?

thank you

justdoit

Member since 11.10.2009

 

Posted on 05.11.2009 10:43

Re: India signs Social Security Agreements with Germany

@Stutt
What does it mean?
If a person working in a company for more than 5 years and return to his homeland, Will he get his pension contribution as well as employers?

magi

Member since 11.01.2005