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Ukraine, Germany sign agreement on social security and insurance

The Ambassador of Germany to Ukraine Ernst Reichel and the Minister of Social Policy of Ukraine Andriy Reva have signed a German-Ukrainian agreement on social security.

The social security agreement coordinates social protection, in particular, in the field of state pension insurance and accident insurance.

The document also contains clauses on avoidance of double insurance in both countries. Employees, as well as their employers, are mainly subject to the clauses of the law of the state in which labour activity is actually carried out. Employees temporarily employed in another country can remain integrated into the social insurance system of the country where they worked before.

In addition, the agreement provides for the unlimited transfer of pensions to another contracting state (the principle of export payments). The prerequisites for getting the right to a pension may be fulfilled by jointly summing up the insurance experience acquired in both states (accumulation of the minimum retirement age). In the field of accident insurance, the agreement serves as a basis for the payment of benefits to an unlimited extent to another contracting state.

Thus, the agreement is based on principles that are also valid within the European Union.

The agreement has to be ratified by the parliaments of both countries before it finally comes into force after signing.

ukrinform.net

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