As a professional, I understand the importance of creating content that is informative, easy to read and optimized for search engines. In this article, we will discuss the social security agreement between Canada and Croatia, its benefits and how it works.
What is the social security agreement between Canada and Croatia?
The social security agreement between Canada and Croatia is a bilateral agreement signed between the two countries. The agreement was signed on June 8, 2015, and came into force on October 1, 2017.
The purpose of this agreement is to ensure that individuals who have lived and worked in both countries are entitled to social security benefits. It is designed to help workers and their families who have contributed to the social security systems of both countries to receive benefits based on their respective contributions.
What are the benefits of the social security agreement?
The social security agreement between Canada and Croatia provides several benefits for eligible individuals. Some of the significant benefits of the agreement include:
1. Elimination of dual social security coverage
The agreement aims to eliminate dual coverage by ensuring that workers and their employers only pay social security contributions in one country at a time. The result is that they can avoid paying social security contributions in both countries, thus reducing their overall cost.
2. Portable benefits
Individuals who have contributed to the social security systems of both countries can benefit from portable benefits. This means that they can collect social security benefits from one country while living in the other. This benefit is particularly useful for retirees who may wish to retire in either country.
3. Coordination of social security benefits
Under the agreement, Canada and Croatia coordinate their social security programs to ensure that eligible individuals receive the highest possible benefit amount. This means that workers and their families can receive benefits based on their combined contributions to both countries.
How does the social security agreement work?
The social security agreement between Canada and Croatia works by ensuring that individuals who have contributed to the social security systems of both countries are entitled to benefits based on their respective contributions. The agreement covers several areas of social security, including retirement, disability, and survivor benefits.
To be eligible for social security benefits under the agreement, individuals must have worked in both Canada and Croatia and meet the eligibility criteria set out in each country`s social security legislation.
Conclusion
The social security agreement between Canada and Croatia is a significant development that offers several benefits to eligible individuals. It is designed to ensure that workers and their families can benefit from the social security systems of both countries based on their combined contributions. If you are a Canadian citizen living and working in Croatia, or a Croatian citizen living and working in Canada, you may be eligible for social security benefits under the agreement.