Canada Poland Pension Agreement
Canada and Poland have recently signed a social security agreement that will benefit pensioners in both countries. The agreement was signed on July 3, 2019, and will come into effect on January 1, 2020. This agreement will help Canadian and Polish residents who have lived and worked in both countries, ensuring that they receive their rightful pensions.
The Canada-Poland Pension Agreement is an important step towards protecting the rights of retired people in both countries. It will allow Canadian and Polish citizens to receive their pensions in their country of residence without worrying about their pension entitlements being affected by living abroad. This agreement will also eliminate the possibility of double taxation, ensuring that pensioners receive the full amount of their pensions.
Under this agreement, the duration of contributions made by a Canadian to the Canada Pension Plan (CPP) or Old Age Security (OAS) and a Polish worker to the Social Insurance Institution (ZUS) will be added together to determine eligibility for retirement, survivor, and disability benefits. The agreement will also ensure that beneficiaries receive their pensions even if they are living in Canada or Poland, respectively.
The Canada-Poland Pension Agreement is an excellent way of strengthening the relationship between two countries while ensuring the welfare of each other`s citizens. It is a significant milestone in the social security policies of both Canada and Poland and a testament to the value of international cooperation.
In conclusion, the Canada-Poland Pension Agreement is a win-win situation for both countries as it benefits the pensioners who have contributed to the social security systems of these two countries. This agreement demonstrates the commitment of the Canadian and Polish governments towards providing their citizens with stable and reliable social security benefits. It is a welcome development for all those who have lived and worked in both countries and now can enjoy their retirement years without any fear of losing their hard-earned pensions.