The United States and Poland have recently signed a Totalization Agreement, which will allow for the coordination of Social Security benefits between the two countries. This agreement is significant for many individuals who live and work in both the United States and Poland, as it will help ensure that they receive the proper Social Security benefits to which they are entitled.
The Totalization Agreement, signed on July 14th, 2020, is a result of negotiations that began in 2018. The agreement aims to eliminate the double taxation of Social Security contributions for individuals who work in both the United States and Poland. This means that individuals will only pay Social Security taxes in the country where they are currently working, rather than in both countries.
Under the agreement, individuals who have worked in both the United States and Poland will be able to combine their work credits from both countries in order to qualify for Social Security benefits. This can be especially beneficial for individuals who may not have worked long enough in one country to qualify for benefits, but have worked a significant amount of time in both countries combined.
Additionally, the Totalization Agreement will provide certain protections for individuals who are working temporarily in one country. For example, a U.S. citizen who is working in Poland for a temporary period will still be able to receive Social Security benefits from the United States, rather than having to rely solely on the Polish Social Security system.
Overall, the Totalization Agreement between the United States and Poland is a positive step towards ensuring that individuals receive the Social Security benefits to which they are entitled. It will eliminate double taxation for those who work in both countries, and will allow individuals to combine their work credits from both countries in order to qualify for benefits. This agreement is a testament to the strong relationship between the United States and Poland, and will benefit many individuals in both countries.
No comments