Will Uncle Sam give back 1.5 Billion Dollars to H1B ?
Over the course of many years H1B employees from India have been working in US but none of the Social Security benefit money which is withheld by US is being paid to Employees when they return back to Home country.
India on Tuesday demanded setting up a high-level group to discuss its concerns on US Totalization and Social Security Act. In a meeting with deputy US trade representative(USTR) Robert Holleyman, India’s commerce secretary Rita Teaotia raised the issue of how the policy was discriminatory towards Indian workers in the US who lose their social security contributions due to discrepancy in the visa and social security regimes, also indicating recourse to legal remedies.
India so far has signed social security agreements with Belgium, France, Germany, Luxembourg, Switzerland, Netherlands, Denmark, South Korea, Hungary, Finland, Sweden, Czech Republic, Norway, Canada, Japan, Austria, Portugal, Australia and Quebec (a province of Canada) to spare Indians working in these countries from making double contribution of social security in the home country as well as in the host country on the same income
US been one of the most desired immigration destination for India. The SSN treaty with USA will increase the annual income of all H1B holders. Employees have worked for Decades in US and returned back to India losing all the SSN money contributed thought the years which Sums up to a huge pile of money. Currently estimates are 1.5 Billion dollars has been contributed for SSN by Indian workers in USA.
This issue will be raised in specific with USA in 9th trade policy forum (TPF) to be held in USA sometime at the end of October.
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