Swiss-US Social Security Agreement: What You Need to Know
The Social Security Administration (SSA) of the United States has entered into many agreements with other countries, including Switzerland, to ensure that Social Security benefits are paid to eligible individuals, regardless of where they live.
The Swiss-US Social Security Agreement was signed on April 1, 1980, to coordinate the Social Security programs of both countries and avoid double taxation of individuals who work in both Switzerland and the United States.
Here are some important things you need to know about the Swiss-US Social Security Agreement:
1. Who is covered by the agreement?
The agreement covers individuals who are liable to pay Social Security contributions in both countries and have a totalization period of at least 6 credits in the United States and 1 year in Switzerland.
2. How does the agreement work?
Under the agreement, if you work in both Switzerland and the United States, you may be eligible for Social Security benefits from both countries. If you meet the eligibility requirements of one country but not the other, you may still be able to receive partial benefits.
The agreement also allows you to combine periods of coverage in both countries to meet the eligibility requirements for Social Security benefits.
3. How do I apply for benefits under the agreement?
To apply for Social Security benefits under the Swiss-US Social Security Agreement, you must contact the Social Security Administration or the relevant Swiss authority. The SSA has a liaison office in Geneva, Switzerland, which can provide assistance with your Social Security claim.
4. Are there any limitations to the agreement?
The Swiss-US Social Security Agreement does not cover all Social Security benefits, such as Supplemental Security Income (SSI) or Medicare. Additionally, the agreement does not exempt you from paying Social Security taxes in either country.
5. What happens if I have questions about the agreement?
If you have questions about the Swiss-US Social Security Agreement, you can contact the Social Security Administration or the relevant Swiss authority for assistance. You may also want to consult with a tax professional or financial advisor to ensure that you understand the implications of the agreement for your specific situation.
In conclusion, the Swiss-US Social Security Agreement is an important agreement that can help individuals who work in both Switzerland and the United States receive Social Security benefits. If you are eligible for benefits under the agreement, it is important to understand how it works and how to apply for benefits to ensure that you receive the benefits you deserve.