India and Republic of Finland signed an agreement on social security

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Republic of Finland signed an agreement on social security on 12th June 2012.
The agreement was signed by Shri Atul Kumar Tiwari, Joint Secretary, Ministry of Overseas Indian Affairs on behalf of Government of India and by Ms. Terhi Hakala, Ambassador of Finland to India on behalf of Government of Finland, in the presence of Shri Parvez Dewan, Secretary, Ministry of Overseas Indian Affairs.                                                                         
This agreement will enhance cooperation on social security between the two countries. The Social Security Agreement with Republic of Finland will provide for the following benefits to Indian nationals working in Finland:                                                                          

a. For short term contract up to 5 years, no social security contribution would need to be paid under the Finnish law by the detached workers provided they continue to make social security payment in India.                                                                                         

b. The above benefits shall be available even when the Indian company sends its employees to Republic of Finland from a third country.                                                   

 

c. Indian workers shall be entitled to the export of the social security benefit if they relocate to India after the completion of their service in Republic of Finland.               

 

d. The self-employed Indians in Republic of Finland would also be entitled to export of social security benefit on their relocation to India. The period of contribution in one contracting state will be added to the period of contribution in the second contracting state for determining the eligibility of social security benefits.

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