【Social Security Agreement Comes into Effect in April, 2024】Twincities Labour & Social Security Consulting
2024/04/05
(For Japanese explanation, click here)
The social security agreement came into effect on 1st April, 2024.
Its purpose is to prevent dual enrollment of social security in living in another country, i.e. to prevent dual burden of social insurance fee.
Italy has become the 23rd country which has cocluded the social security agreement with Japan.
(Click here for explanation about the social security agreement by Japan Pension Service)
It is necessary, however, to note one thing about the social security agreement with Italy; the coverage period of pension is not totalized by either countries.
This is the same as that with United Kingdom, Korea and China.
The agreements with other countries enable the coverage period to be totalized, so the coverage period of the other country is included in that of Japan, and vice versa in verigying whether you can receive old-age pension.
(With regard to the amount, the pension is paid by both countries in proportion to the coverage period.)
On the other hand, the coverage period of Japan is not included in that of Italy, and vice versa.
It is better to note that when you receive old-age pention if you have the coverage periods of both Japan and Italy.
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ツインシティズ社労士事務所
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