Social Security Agreement between Canada and Greece

The social security agreement between Canada and Greece is a bilateral agreement that provides benefits to eligible citizens of both countries. The agreement was signed on November 7, 2002, and came into effect on March 1, 2004. The main purpose of this agreement is to eliminate the double social security coverage of qualifying citizens, ensuring that they only pay social security taxes in their country of residence.

Under this agreement, Canadians who have worked in Greece, and Greeks who have worked in Canada, are entitled to pensions and other social security benefits. The agreement covers retirement, disability, and survivor benefits, as well as medical coverage for eligible beneficiaries.

One of the key features of the Canada-Greece social security agreement is the provision for the “totalization” of social security contributions. This means that individuals who have worked in both countries can combine their contributions to meet the eligibility requirements for benefits in either country. For example, a Canadian who has worked in Greece for five years and has also contributed to the Canadian Pension Plan for five years could potentially qualify for a pension from both countries.

To be eligible for social security benefits under this agreement, individuals must meet certain criteria. For example, to receive retirement benefits, individuals must have contributed to the social security system in their respective countries for a minimum period. The length of time required to qualify varies depending on the type of benefit being claimed.

The Canada-Greece social security agreement is beneficial for eligible citizens of both countries as it ensures that they receive the social security benefits they are entitled to, without having to pay double social security taxes. The agreement also simplifies the process of applying for benefits, as individuals only need to apply in the country where they reside.

In conclusion, the social security agreement between Canada and Greece is an important bilateral agreement that provides a range of benefits to eligible citizens of both countries. The “totalization” provision of the agreement allows individuals to combine their contributions and qualify for benefits from both countries. Eligible citizens should take advantage of the benefits provided under this agreement to ensure a secure retirement and adequate social security coverage.