India South Korea Social Security Agreement
The WCI is a national social security program for workers with work-related injuries, illnesses or disabilities, or circumstances that can result in death during labour. WCI contributions are only mandatory for employers. The contribution rate is set by social services according to the working environment (currently 0.73% to 18.63% of total wages and salaries by industry). The Data Protection Act requires us to inform you that we are entitled to collect this information until Section 233 of the Social Security Act. Although it is not mandatory for you to provide the information to the Social Security Administration, a coverage certificate can only be issued if an application has been received. The information is necessary to enable Social Security to determine whether, in accordance with an international agreement, work should only be covered by the U.S. social security system. Without the certificate, work can be taxed in both the United States and foreign social security schemes. Under these agreements, Australia equates social security periods/stays in these countries with periods of Australian residence in order to meet minimum qualification periods for Australian pensions. In other countries, periods of Australian working life are generally counted as social security periods to meet their minimum payment periods. Typically, each country pays a partial pension to a person who has lived in both countries. Normally, people who are not U.S.
citizens can receive U.S. Social Security benefits when they are outside the U.S., only if they meet certain requirements. However, under the agreement, you can receive benefits as long as you reside in Korea, regardless of your nationality. If you are not a U.S. citizen and you live in another country, you may not be able to receive benefits. Your Payment While You Are Outside The United States (Publication No. 05-10137) explains the restrictions placed on U.S. services.
If you are entitled to social security benefits from both the United States and Korea and you do not need the agreement to receive any of the benefits, the amount of your U.S. is.