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Signature of a Social Security Agreement between Luxembourg and India

On 30th of September 2009, the Indian Minister of Overseas Indian Affairs, Mr Vayalar Ravi, was on a visit in Luxembourg to sign a bilateral Agreement on Social Security between the two countries. The Agreement was signed on the Luxembourg side by the Minister of Social Security, Mr Mars di Bartolomeo.

Minister Vayalar Ravi also held talks with the Luxembourg Minister for Labour and Immigration, Mr Nicolas Schmit. His visit of Luxembourg allowed moreover for fruitful exchanges with representatives of the Indian community living in the Grand Duchy.

The Social Security Agreement between India and Luxembourg is based on the same principles as the ones concluded by India with other European countries: It will allow workers to retain their rights to pension when they return to their country of origin. The Agreement also regulates the posting of workers, be it of an employee of an Indian firm sent to work in Luxembourg or of a Luxembourg employee sent to India : for a period of 60 months maximum, these workers will be exempted from making contributions to social security in the host country, on the condition that they continue to make social security contributions in their country of origin.

The Social Security Agreement will enter into force once it has been ratified by the Luxembourg parliament and after exchange of notifications by both countries of the finalization of their respective ratification processes. The Social Security Agreement will certainly facilitate the exchange of labor and investments between India and Luxembourg in the future.

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