Main Contents of the Social Security Agreement Between Korea and The Netherlands
History of the Convention with The Netherlands
- Feb. 1996 : Agreed on negotiating a Social Security Convention between Korea and the Netherlands
- May. 1997 :Held the first round of Negotiation Meetings for the Convention in Korea
- Dec. 1998 :Held the second round of Negotiation Meetings for the Convention in the Netherlands
- Jun. 2000 :Agreed on the Convention and the Administrative Arrangement
- Jul. 2002 :Signed the Convention and Administrative Arrangement
- Jul. 2002 : Held meetings for the Implementation of the Convention between Agencies of both countries
- Jul. 2003 :completed the written notification from one country to the other country that each country has complied with all requirements for entry into force of this Convention
- Oct. 2003 :Social Security Convention between Korea and the Netherlands entered into force
- Nov. 2000 :Held the first round of agencies meetings between both countries
Applicable Legislation
- With respect to Korea,
- (1) the National Pension Act
- With respect to the Netherlands,
- (1) old age insurance
(2) invalidity insurance
(3) survivors' insurance
(4) sickness insurance (cash benefits and benefits in kind)
(5) unemployment insurance
(6) children's allowances
- (1) old age insurance
Personal Scope of this Convention
- This Convention shall apply to any person who is or who has been subject to the legislation of either Korea or the Netherlands, with the persons whose rights are derived from such a person, irrespective of their nationality. Therefore, any person such as a national of the contracting country, a stateless person, a refugee or a national of a third country who is or has been subject to the legislation of either contracting country shall, with the persons whose rights are derived from such a person, be covered by this Convention.
- ¡Ø For more information, you may refer to the section Text of Convention
Exemption from Dual Coverage
- ¨çIn general, an employee is subject to the legislation of a contracting country in which he/she is employed.
- ¨èWhere an employee is employed in both countries for the same period, the person is subject to the legislation of a contracting country in which he/she ordinarily resides.
- ¨éIn general, a self-employed person is subject to the legislation of a contracting country in which he/she is self-employed.
- ¨ê A person who is self-employed in both contracting country is subject to the legislation of a contracting country in which the person ordinarily resides.
- ¨ë Where a person is employed in the territory of one contracting country and is self-employed in the territory of the other country for the same period, he/she is subject to the legislation of a contracting country in which he/she ordinarily resides.
- ¨ì A detached worker is exempt from coverage under the legislation of the contracting country which he/she is sent to for less than 5 years if he/she is covered under the legislation of his/her home country.
- ¡Ø For more information, you may refer to the section Convention or Guide for Exemption Application
[Countries that employees and the self-employed pay their contributions to]
Type | Work Status | Coverage |
---|---|---|
Employee | Employed in The Netherlands | |
- you are employed and working in The Netherlands | Netherlands | |
- you are employed in Korea and sent to work in the Netherlands for less than 5 years | Korea | |
- you are employed in Korea and sent to work in the Netherlands for more than 5 years | Netherlands | |
- you are self-employed in Korea ordinarily residing in Korea and you are also employed in the Netherlands | Korea | |
- you ordinarily reside in Korea but you are employed in both Korea and the Netherlands | Korea | |
employed in Korea | ||
- you are employed and working in Korea | Korea | |
- you are employed in the Netherlands and sent to work in Korea for less than 5 years | Netherlands | |
- you are employed in the Netherlands and sent to work in Korea for more than 5 years | Korea | |
- you are self-employed in the Netherlands ordinarily residing in the Netherlands and you are also employed in Korea | Netherlands | |
- you ordinarily reside in the Netherlands but you are employed in both Korea and the Netherlands | Netherlands | |
Self-employed | Self-employed in the Netherlands | |
- you ordinarily reside in Korea but are self-employed in both Korea and the Netherlands | Korea | |
- you are employed in Korea ordinarily residing in Korea but are self-employed in the Netherlands | Korea | |
Self-employed in Korea | ||
- you ordinarily reside in the Netherlands but are self-employed in both Korea and the Netherlands | Netherlands | |
- you are employed in the Netherlands ordinarily residing in the Netherlands but are self-employed in Korea | Netherlands |
Benefits under this Convention
- ¨çSince the Convention on Social Security Between Korea and the Netherlands is Contributions-only Convention, there is no provision of Totalization of Periods of Coverage for the entitlement to benefit.
- ¨è Therefore, there is no pension benefits under the Convention, whether the payment is granted depends on the each country's legislation respectively.
- ¨éAnd, a Korean Lump-sum refund is not paid to the nationals of The Netherlands.
- ¡Ø For more information, you may refer to the section Convention
Agencies of this Convention
- As regards Korea,
- (1) National Pension Service (NPS)
- As regards the Netherlands,
- (1) Sociale Verzekeringsbank¢¡ www.svb.nl