The Convention on Social Security between Canada and the Republic of Peru comes into force March 1, 2017

OTTAWA, March 1, 2017 /CNW/ - The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, announced that the Convention on Social Security between Canada and the Republic of Peru enters into force today, March 1, 2017.

This Convention will coordinate the operation of Canada's Old Age Security and Canada Pension Plan programs with certain comparable social security programs of Peru that provide pensions for retirement, old age, disability and survivors.

It will also result in direct savings for Canadian companies operating in Peru since they will no longer be required to pay social security contributions to the Peruvian pension system on behalf of their Canadian employees working temporarily in Peru. This will promote investment and trade.

Quote

"I am pleased to announce that, with the entry into force of the Convention on Social Security between Canada and the Republic of Peru, we will continue to improve the retirement security of Canadians whether they have lived or worked in Canada or abroad."
– The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development

Quick Facts

This Convention will:

  • help Canadians and Peruvians to qualify for old age, disability and survivors benefits based on their affiliation to each country's pension system;
  • provide continuing social security coverage for employees sent by their Canadian employers to work temporarily in Peru. Peruvian companies and their employees sent to work in Canada will also benefit from the same advantages; and
  • result in savings and increase the economic competitiveness of Canadian and Peruvian companies operating in each other's territory.

Associated Links

Peru – Pensions and Benefits (Canada.ca)

Peru's social security website


Backgrounder


The Convention on Social Security between Canada and the Republic of Peru will come into force on March 1, 2017.

The Convention on Social Security will enable Canada and Peru to coordinate the operation of Canada's Old Age Security and Canada Pension Plan programs with certain comparable pension programs of Peru. 

The Convention was signed on April 10, 2014.

Canada has signed 59 international social security agreements, all of which are in force (including Peru as of March 1, 2017) with the following countries:

 

Antigua and Barbuda

Hungary

Norway

Australia

Iceland

Philippines

Austria

India

Poland

Barbados

Ireland

Portugal

Belgium

Israel

Romania

Brazil

Italy

St. Kitts and Nevis

Bulgaria

Jamaica

Saint Lucia

Chile

Japan

Saint Vincent and the  Grenadines

China

Jersey/Guernsey

Serbia

Croatia

Korea

Slovak Republic

Cyprus

Latvia

Slovenia

Czech Republic

Lithuania

Spain

Denmark

Luxembourg

Sweden

Dominica

Republic of   Macedonia

Switzerland

Estonia

Malta

Trinidad and Tobago

Finland

Mexico

Turkey

France

Morocco

United Kingdom

Germany

Netherlands

United States

Greece

New Zealand

Uruguay

Grenada

Peru


 

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SOURCE Employment and Social Development Canada

For further information: For media enquiries, please contact: Émilie Gauduchon-Campbell, Press Secretary, Office of the Honourable Jean-Yves Duclos, P.C., M.P., Minister of Families, Children and Social Development, 819-654-5546; Media Relations Office, Employment and Social Development Canada, 819-994-5559, media@hrsdc-rhdcc.gc.ca


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