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

• Asociación de AFP (in Spanish only)
• Oficina de Normalizacion Previsional (in Spanish only)

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Backgrounder

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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 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, [email protected]