Main Contents of the Social Security Agreement Between Korea and Italy
History of the Agreement with Italy
- Jun. 1999 : Held the first round of Negotiation Meetings for the Agreement in Italy
- Mar. 2000 :Signed the Agreement on Social Security between Korea and Italy
- Dec. 2000 :Provided a written notification to Italy that Korea has complied with all requirements for entry into force of this Agreement
- Jan. 2005 :Received written notification from Italy that Italy has complied with all requirements for entry into force of this Agreement
- Apr. 2005 :Social Security Agreement between Korea and Italy entered into force
- Jan. 2006 :Signed the Administrative Arrangement of the Agreement
- Mar. 2006 :Signed the Agreement on Social Security between Korea and Italy
- Jul. 2004 :Held meetings for the Implementation of the Agreement between Agencies of both countries
Applicable Legislation
- With respect to Korea,
- (1) the National Pension Act, and the regulations applicable thereto
- With respect to Italy,
- (1) the legislation on the general compulsory insurance for invalidity, old-age and survivors of employees
(2) the relevant special management for self-employed workers
(3) the insurance forms replacing the above-mentioned compulsory insurance
- (1) the legislation on the general compulsory insurance for invalidity, old-age and survivors of employees
Personal Scope of this Agreement
- This Agreement shall apply to any person who is or who has been subject to the legislation of either Korea or Italy, 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 be covered by this agreement.
- ¡Ø For more information, you may refer to the sectionText of Agreement
Exemption from Dual Coverage
- ¨çIn general, an employee is subject to the legislation of a contracting country in which he/she is employed.
- ¨èA self-employed person is subject to the legislation of a contracting country in which the person ordinarily resides.
- ¨éWhere 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.
- ¨êA detached worker is exempt from coverage under the pension system of the contracting country which he/she is sent to for less than 3 years if he/she is covered under the pension scheme of his/her home country.(a 3-year extension is available by the consent between both countries' agencies)
- ¡Ø For more information, you may refer to the sectionAgreement or Guide for Exemption Application
[Countries that employees and the self-employed pay their contributions to]
Type | Work Status | Coverage |
---|---|---|
Employee | Employed in Italy | |
- you are employed and working in Italy | Italy | |
- you are employed in Korea and sent to work in Italy for less than 3 years(a 3-year extension is available) | Korea | |
- you are employed in Korea and sent to work in Italy for more than 3 years(without getting approval for an extension) | Italy | |
- you are self-employed in Korea ordinarily residing in Korea and you are also employed in Italy | Korea | |
employed in Korea | ||
- you are employed and working in Korea | Korea | |
- you are employed in Italy and sent to work in Korea for less than 3 years(a 3-year extension is available) | Italy | |
- you are employed in Italy and sent to work in Korea for more than 3 years(without getting approval for an extension) | Korea | |
- you are self-employed in Italy ordinarily residing in Italy and you are also employed in Korea | Italy | |
Self-employed | Self-employed in Italy | |
- you ordinarily reside in Korea but are self-employed in Italy | Korea | |
- you ordinarily reside in Korea but are self-employed in both Korea and Italy | Korea | |
- you are employed in Korea ordinarily residing in Korea but are self-employed in Italy | Korea | |
Self-employed in Korea | ||
- you ordinarily reside in Italy but are self-employed in Korea | Italy | |
- you ordinarily reside in Italy but are self-employed in both Korea and Italy | Italy | |
- you are employed in Italy ordinarily residing in Italy but are self-employed in Korea | Italy |
Benefits under this Agreement
- ¨çSince the Agreement on Social Security Between Korea and Italy is Contributions-only Agreement, there is no provision of Totalization of Periods of Coverage for the entitlement to benefit.
- ¨èTherefore, there is no pension benefits under the Agreement, 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 Italy.
- ¡Ø For more information, you may refer to the section Agreement
Agencies of this Agreement
- As regards Korea,
- (1) National Pension Service (NPS)
- As regards the Italy,
- (1) INPS ; National Institute for Social Security¢¡ www.inps.it