Indo-French Agreement on Social Security

The bilateral social security agreement signed on 30 September, 2008 between India and France has been ratified by both countries and has come into effect from 1^st July 2011.  The agreement will protect the interests of expatriate workers and the companies on a reciprocal basis.  It helps workers by (i) providing for exemption from social security contribution in case of short-term contracts;  (ii) exportability of pension in case of relocation to the home country or any third country; and (iii) totalisation of the contribution periods.

The agreement will strengthen economic relations between the two countries and will encourage bilateral investments.  It will be beneficial for companies, as exemption from social security contribution towards old age and disability pension in respect of their employees will reduce costs and will make companies more competitive.  However, contributions for other aspects of social security in both countries including medical insurance, accident etc., will continue.

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• Press Release on Social Security Agreement
• Indo French Agreement on Social Security enters into effect, 30 June 2011

• Brief on Social Security Agreement
• http://moia.gov.in/services.aspx?id1=81&idp=81&mainid=73