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-musings.blogspot.com/2009/11/india-pens-social-security-agreements.html

kerwiss

this will be valid if the Federal Govt. in Berlin approves. Mainly effective to people who come on company transfer.

Hallo Mr Kerwiss,
To further clarify on this issue:
1) Did this agreement come into effect?
Not yet! there are some legislative stuff needs to be done.
2) Does it benefits only those who are new comers?
Infact it was aimed at short term contract workers from either Nations. They are totally exempt from paying Pension Insurance. But they have to pay to their home nation.
3) Does it benefit those who have been living in Guest country for longer time and want to go back to their Home countries?
Yes, this agreement allows the individuals for portability of their pension insurance claims to their home country.

The author of:
http://seema-musings.blogspot.com/2009/11/india-pens-social-security-agreements.html
has further updated with some important links. Check out

3) Does it benefit those who have been living in Guest country for longer time and want to go back to their Home countries?
Yes, this agreement allows the individuals for portability of their pension insurance claims to their home country.


Does it mean, the agreement applies to all foreign nationals residing in germany even longer than say 5-10 years (with NE, D-EG).

DO you have any link from deutsche rentenversicherung bund.

Baba..

Certainly not for NE or DE.

Please find below the excerpts from Press Release of Germany Embassy in India
Germany and India sign an Agreement
on Social Security
On Wednesday October 08 the German
Government represented by State Secretary of the
German Federal Ministry of Labour and Social
Affairs, Mr. Franz-Josef Lersch-Mense, and the
Ambassador of the Federal Republic of Germany to
India, Mr. Bernd Muetzelburg, are going to sign an
Indo-German Agreement on Social Security. For
the Indian Government Secretary K. Mohandas of
the Ministry of Overseas Indian Affairs will sign
the Agreement in the presence of Minister Vayalar
Ravi.
This new Social Security Agreement will simplify
regulations on social security between the two
countries. It will protect the interests of all those
professionals sent from India-based companies to their
German subsidiaries, or those being sent by German
companies to India-based branches on the basis of
short-term contracts (up to 48 months with an option
of another 12 months extension) by securing
exemption from social security contribution in their
host country. While working abroad these employees
will only be subject to the social security regulations of
their home country. Thus, complicated changes and
applications for reimbursements will be avoided in the
future.
This Agreement is the result of an intensified
cooperation between India and Germany in matters of
social security. For the Federal Republic of Germany
the social security agreement will be in effect after the
official consent of both Houses of the German
Parliament.
Both sides are considering to also elaborate a
comprehensive Social Security Agreement comprising
of regulations concerning the exports of pensions, the
mutual recognition of entitlements, the totalisation of
contribution periods as well as a closer administrative
cooperation of the social security institutions of both
countries.

@syed

You could have just provided the original link instead of copy pasting the whole article here!!

sorry for that! It was a pdf, could not find option to attach here. So just pasted out.

where did u find the pdf?

Just Google it, you will know it

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

@Maddy
Yes it's correct

@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
Please see the link.. http://www.deutsche-rentenversicherung.de/nn_11268/SharedDocs/de/Inhalt/Servicebereich2/Lexikon/A/abkommensstaaten.html
India/china has only signed it for onsite/short term employees

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

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

thank you

@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?