OTTAWA, April 12, 2013 /CNW/ - Roman Waschuk, Ambassador of Canada to
the Republic of Serbia, on behalf of the Honourable Diane Finley,
Minister of Human Resources and Skills Development, signed a social
security agreement between Canada and the Republic of Serbia. The
Agreement was also signed by Jovan Krkobabić, Serbian Deputy Prime
Minister and Minister of Labour, Employment and Social Policy.
"Our government is committed to ensuring the retirement security of
Canadians whether here or abroad, and I am pleased that we are
announcing coordinated benefits to both Canadians and Serbians," said
Minister Finley. "This Agreement represents yet another step forward in
strengthening the relationship and cooperation between our two
The Social Security Agreement allows for pension benefits to be
coordinated between both countries and will continue to make it easier
for people who have lived and worked in Canada or Serbia to qualify for
benefits from either or both countries.
The Agreement between Canada and Serbia will enter into force once both
countries have completed the approval procedures specified in their
respective legislation. Upon the signing of this Agreement with Serbia,
Canada will have concluded 57 international social security agreements,
53 of which are in force.
The Social Security Agreement will enable Canada to coordinate the
operation of its Old Age Security and Canada Pension Plan programs with
the comparable pension programs of Serbia. The Agreement will benefit
helping eligible individuals qualify for old age, disability and
enabling employees from Canada who are sent to work temporarily in
Serbia to continue to contribute to the Canada Pension Plan and be
exempt from contributing to Serbia's pension system; and
exempting Canadian businesses from paying Serbian pension plan
contributions for their employees sent to work temporarily in Serbia,
thus resulting in savings.
The Agreement between Canada and Serbia will enter into force after both
countries have completed their respective legal procedures.
Canada has signed 57 international social security agreements, of which
53 are in force, with the following countries:
Antigua and Barbuda
Republic of Macedonia
St. Kitts and Nevis
Saint Vincent and the Grenadines
Trinidad and Tobago
Agreements have also been signed with Bulgaria, Brazil and India but are
not yet in force. They will enter into force once Canada and each of
these countries have completed their respective legal processes.
SOURCE: Human Resources and Skills Development Canada
For further information:
This news release is available in alternative formats on request.
For further information (media only):
Director of Communications
Office of Minister Finley
Media Relations Office
Human Resources and
Skills Development Canada