A list of countries with which the United States currently has totalization agreements and copies of these agreements can be accessed under U.S. international social security agreements. “Once signed, the agreement would benefit workers in both countries and ensure equal treatment,” Singla said in a statement. Indian factories pay taxes on their income in the United States. Either they can receive all social security benefits after eight years, or their work visas are extended beyond 10 years so they are not affected and receive all benefits on an equal footing with U.S. citizens, he added. New Delhi and Washington had several roundtable discussions on a totalization agreement a decade ago. But the talks were suspended because the United States said that India had not been able to offer its citizens enough social security and that the two countries` systems were too incompatible for a pact to be drawn up. “India and the United States have totalization agreements with several countries, some of which are common, which is why a totalization agreement between the United States and India is more dependent on political will, which seems positive on both sides,” said a third official working at the Labor Department. India has bilateral social security agreements (totalization agreements) with several countries such as Belgium, France, Germany, Switzerland, Luxembourg, the Netherlands, Hungary, Denmark, the Czech Republic, the Republic of Korea and Norway. India supports the proposed discussions with the US Social Security Administration (SSA) on the long-standing totalization agreement, believing that the two countries` systems are now more compatible than before. The deal could help Indian companies in the United States save up to $4 billion in social security contributions a year.
As per day, India has SSAs with at least 18 countries and the United States has an agreement with more than 24 nations. This is a long-term request from India for a speedy conclusion of the totalization agreement or the social security agreement with the United States. It aims to protect the interests of professionals of Indian descent, who contribute more than $1 billion annually to U.S. Social Security. Under the pact, professionals in both countries would be exempt from social security contributions if they went to work in the other country for a short period of time. Shivendra Singh, vice president and chief global trade development at NASSCOM, an interprofessional organization representing the $180 billion technology industry, said a totalization agreement would greatly relieve the Indian worker population in the United States and would also make it competitive for U.S. employers to employ Indian citizens. “In addition, for the negotiations to continue, as we are told, if we consider that the statute imposes the requirements, it is the United States.