Social security agreement signed between India and Australia came into effect enabling people of both nations to avail retirement benefits in each other’s country to boost bilateral business linkages. The Agreement signed in November 2014 came into operation on January 1, 2016.
Benefits:
- Freedom to move between Australia and India, knowing their pension rights will be recognised and protected.
- Australian residents living in India will be able to claim the Australian Age Pension without having to return to Australia, while Indian residents living in Australia will have access to Indian retirement pensions.
Australia now has 30 international social security agreements around the world to support people living and working in more than one country including with countries likeAustria, Belgium, Canada, Japan, Korea, Spain, Switzerland and the US.
- Australian Minister for Social Services: Christian Porter
No comments:
Post a Comment