US government will alter Social Security laws for Indian workers
Indian Prime Minister Narendra Modi and finance minister Arun Jaitley working with US government to change the social security laws for Indian workers. Prime Minister Narendra Modi opens this issue and discussed with US President Barak Obama. Narendra Modi opened this issue when he met US President Barak Obama in January at New Delhi.
In USA, Social Security card is required to work. All kind of permanent worker as well as all the temporary workers require Social security card to work legally in USA. As per US government laws, each employee has to contribute 6.2% of their salary in social security. Once you completed 40 quarters which is approximately 10 years of service than you are eligible for social security benefits. There are different types of social security benefits which include pension, Medicaid, unemployment, food stamps etc…
Research of Jacob Kirkegaard at the Peterson Institute says that Indians contribute around $3 billion per year to US government via social security contributions. Social security will not pay any benefits or their contribution back to these Indians because they are temporary workers in USA. National Association of Software and Services Companies (NASSCOM) know that many software engineers working in USA based on temporary worker. They have to pay the social security contribution but not getting any benefits from them.
National Association of Software and Services Companies (NASSCOM) spoke with Narendra Modi and request to work out with the US Government on the pending issue of totalisation agreement. NASSCOM requested Indian government to work out on totalisation agreement with US government. US have this kind of agreement with 25 countries now.
Narendra Modi said in the joint press conference with Obama that “We will also start discussions on the social security agreement that’s so important for the hundreds and thousands of Indian professionals working in the US,”. If everything workout between US and Indian Government than Indian workers get benefits of this laws. But right now, no one know that US Government will alter social security laws for India or not.