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Us Italy Social Security Totalization Agreement

The term “totalization” defines the second objective of the agreement. The ultimate goal is for a worker`s social benefits, whether paid in Switzerland or abroad, to be added up (or added up) so that the worker can, if eligible, withdraw these funds from a single government. If individuals are required to contribute to social security programs outside their home country, they are entitled to receive these benefits if they meet certain specifications set by the host government. (N.B. The provisions for the removal of dual coverage apply to U.S. pension insurance coverage and contributions, survival, disability and hospital insurance (Medicare) programs, and pension, survival and disability insurance plans abroad. Some agreements may also apply to insurance coverage and contributions under additional programs abroad, such as .B. Insurance for short-term illness, work-related accidents and unemployment. As a result, workers exempt from foreign benefits by one of these agreements do not pay social security contributions for these additional programs and generally do not receive benefits from them. In this case, the worker and employer may agree to further benefit protection in Serden.) The Data Protection Act requires us to inform you that we are entitled to collect this information until Section 233 of the Social Security Act. Although it is not mandatory for you to provide the information to the Social Security Administration (SSA), a coverage certificate can only be issued if an application has been received.

The information is necessary to enable the SSA to determine whether, in accordance with an international agreement, the work should only be covered by the U.S. social security system. Without the certificate, work can be taxed in both the United States and foreign social security schemes. Any agreement (with the exception of the agreement with Italy) provides an exception to the territorial rule, which aims to minimize disruptions in the career of workers whose employers temporarily send abroad. Under this exception for “self-employed workers,” a person temporarily transferred to work for the same employer in another country is covered only by the country from which he or she was seconded. A U.S. citizen or resident, for example, who is temporarily transferred by a U.S. employer to work in a contract country, remains covered by the U.S. program and is exempt from host country coverage. The worker and employer only pay contributions to the U.S.

program. A list of countries with which the United States currently has totalization agreements and copies of these agreements can be accessed under U.S. international social security agreements. This last point concerns multinational organisations which, because of the unique consequences of an international commitment, claim a financial profit or loss of the expatriate – that is, minimise any financial gain or loss of the expatriate – and therefore have an additional financial burden when they fulfil the commitment of the host country as part of its foreign policy. In addition, the tax legislation of the host country may result in such a payment from the employer as taxable compensation to the assignee – which further increases the overall burden of the company.