Social Security Pact Signed Between India Austria

07 Feb 2013

India and Austria signed a social security pact on 5th February 2013 at Vienna. As per the pact, Indian professionals working in Austria would be exempted from paying the social security contribution of Austria, if such payments are already made in India.

The pact was signed by Overseas Indian Affairs Minister Vayalar Ravi and Austrian Minister for Labour and Social Security, Rudoulf Hundstorfer.

Social Security Pact would help boost cooperation of the labour market expansion in Austria. More than 17000 Indian professionals are working Austria.

Details of the Agreement:

• Indians working in Austria on short-term contracts for up to 5 years are exempted from making social security contribution in Austria if they continue making the payments in India.
• Indian worker who is sent to Austria by an Indian company from a third country can also avail the benefit
• Export of the benefits of social security would be offered to the Indian worker, who relocates to India once his/her service term in Austria ends. The self employed Indians can also carry on the same benefits on relocation to India

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