Finland and Uruguay have started negotiations to conclude a social security agreement between the two countries, said the Ministry of Social Affairs and Health in a press release on Wednesday.
The purpose of the agreement is to facilitate the operation of Finnish companies in Uruguay.
In recent years, an increasing number of Finnish workers have been posted to Uruguay as a result of forest industry investments, for example.
As mobility between the two countries has increased, so has the need to conclude a joint social security agreement.
Currently, Finnish employers are required to pay double pension contributions in respect of workers posted to Uruguay.
However, under the social security agreement now being negotiated, workers posted from one country to the other would be covered by earnings-related pension insurance in the country of origin and they would be exempt from pension contributions in the target country.
In Uruguay, people become eligible for an old-age pension after 30 years of employment in the country. Thus, those who have worked in Uruguay for less than 30 years do not receive earnings-related pension from the country.
Under the new agreement, Uruguay would also take into account any periods of employment in Finland. This would mean that people could be eligible for a pension even if they had not worked in Uruguay for the required 30 years.
The social security agreement would apply to employment-based pensions in both countries and cover both employees and self-employed persons.
The negotiations on the bilateral social security agreement started unofficially last November. The first actual round of negotiations was held in Montevideo in March. Finland’s delegation for the negotiations consists of members from the Ministry of Social Affairs and Health and the Finnish Centre for Pensions.
The next round of negotiations is scheduled to be held in the latter half of 2024. When the negotiations are concluded, the agreement will be brought into force in both countries in accordance with the national procedures concerning the ratification of treaties.
Source: www.dailyfinland.fi
As a Finnish expat living in Uruguay, I am thrilled to hear about the social security agreement being negotiated between the two countries. It will provide much-needed relief to Finnish workers posted here and eliminate the burden of double pension contributions. This agreement will undoubtedly strengthen the bilateral relations and make it easier for companies to operate across borders.
It’s great to see Finland and Uruguay working on this social security agreement to benefit workers and companies from both countries. This will definitely simplify things for employees posted abroad and reduce the burden on employers. Hopefully, this agreement will be finalized soon for the mutual benefit of all parties involved.
I think it’s a great initiative for Finland and Uruguay to negotiate a social security agreement. It will not only benefit Finnish companies operating in Uruguay but also provide better protection for workers posted between the two countries. The exemption from double pension contributions and the inclusion of periods of employment in both countries for pension eligibility are positive steps towards ensuring financial security for workers in this international setting.
I think this social security agreement between Finland and Uruguay is a positive step that will benefit both countries. It will not only ease the operational aspects for Finnish companies in Uruguay but also ensure fair treatment for workers posted between the two nations. The provision for taking into account employment periods in both countries for pension eligibility is particularly thoughtful. Overall, this agreement seems like a win-win for all involved.
Will this social security agreement have any impact on the retirement age in Finland or Uruguay?
Hey Emily1990, the social security agreement being negotiated between Finland and Uruguay is primarily focused on facilitating the operation of Finnish companies in Uruguay by streamlining pension contributions for workers posted between the two countries. It doesn’t directly address the retirement age in either country. However, by harmonizing pension systems, it aims to ensure that workers can receive pensions based on their combined periods of employment in both Finland and Uruguay, potentially benefiting individuals who haven’t worked in Uruguay for the required 30 years.
It’s great to see Finland and Uruguay taking steps to make it easier for Finnish companies operating in Uruguay. This social security agreement will definitely benefit both Finnish workers posted in Uruguay and vice versa, reducing the burden of double pension contributions and ensuring better pension coverage for those working across borders
As a freelancer who frequently works across borders, I think this social security agreement between Finland and Uruguay is a step in the right direction. It will definitely help in simplifying things for workers like me and ensure fair treatment in terms of pension contributions and benefits.
It’s great to see Finland and Uruguay working on this social security agreement. Ensuring that workers are covered by earnings-related pension insurance in their country of origin is crucial for their financial security. This agreement will definitely benefit Finnish companies operating in Uruguay and employees moving between the two countries. Looking forward to more positive developments in international social security cooperation!
As a Finnish expat living in Uruguay, I believe this social security agreement is long overdue. It will provide much-needed relief for workers like me, eliminating the burden of double pension contributions and ensuring fair treatment in terms of pension eligibility. This agreement will undoubtedly benefit both Finnish employers and employees working in Uruguay, promoting smoother operations and stronger ties between the two countries.
How will this social security agreement impact the mobility of workers between Finland and Uruguay? Does it provide any other benefits apart from exempting workers from double pension contributions?
As this social security agreement is finalized between Finland and Uruguay, it will greatly enhance the mobility of workers between the two countries. In addition to exempting workers from double pension contributions, the agreement will provide a more streamlined process for Finnish workers posted in Uruguay, ensuring that they are covered by earnings-related pension insurance from their country of origin. This will offer greater financial security and benefits for workers and encourage more exchanges between the two nations.
I think this social security agreement between Finland and Uruguay is a positive step towards facilitating better working conditions for Finnish workers in Uruguay. It’s great to see efforts being made to reduce the bureaucratic burden on employers and ensure fair treatment for employees posted between the two countries.
As a Finnish worker, I’m excited about the potential social security agreement with Uruguay. It would alleviate the burden of double pension contributions and provide more stability for those posted abroad. This will definitely benefit the Finnish companies operating in Uruguay and enhance the overall working conditions for us workers. Looking forward to seeing the positive impact of this agreement!
As a Finnish worker, I think this social security agreement with Uruguay is long overdue. It will definitely make it easier for Finnish companies operating in Uruguay and provide better benefits for workers posted between the two countries. It’s a positive step towards improving international work arrangements.