Canada and Romania Sign Agreement on Social Security
The Canadian government recently announced that Canada and Romania have signed a new international agreement on social security. This agreement will help ensure that people who have lived and worked in both countries can receive the benefits they are entitled to, regardless of where they currently reside.
The agreement between Canada and Romania establishes rules for the coordination of social security programs of both countries. This includes old age security, survivor, and disability benefits, as well as pensions and healthcare.
One of the key benefits of this agreement is that it will allow Canadian and Romanian citizens to qualify for social security benefits in both countries. This means that Canadian retirees living in Romania, and Romanian retirees living in Canada, will be able to receive their respective benefits without any interruption.
Furthermore, the agreement provides for the totalization of social security contributions made by Canadian and Romanian citizens. This means that if a person has contributed to social security in both countries, their contributions will be combined to determine eligibility for benefits. This is especially beneficial for those who have lived and worked in both countries for extended periods of time.
The Canada-Romania social security agreement is part of a global effort to coordinate social security programs across borders. Canada has signed similar agreements with over 50 countries, including the United States, the United Kingdom, and Australia. These agreements are especially important for those who migrate between countries for work or personal reasons.
For Canadians living in Romania, it is important to note that they must apply for benefits from both countries separately and that the eligibility requirements may vary. It is also important to keep in mind that the agreement does not cover social assistance benefits or healthcare services that are not covered by social security.
In conclusion, the agreement on social security between Canada and Romania is an important development for those who have lived and worked in both countries. The agreement will ensure that they can receive the benefits they are entitled to, regardless of where they reside. It is an illustration of the importance of international cooperation in ensuring that citizens receive the support they need to enjoy their retirement years.