PH-Sweden Social Security Agreement

PH and Sweden ink social security pact
sss1.jpg
15 October, Stockholm – Swedish Minister for Social Security Ms. Annika Strandhäll and Philippine Social Security System President and CEO Mr. Emilio S. de Quiros, Jr. affix their signatures on a bilateral social security agreement between the two countries. They are flanked by respective heads of the negotiating delegations, Ms. Malin Skäringer and Ms. Judy Frances A. See.
The social security agreement, which will benefit nationals of both countries in terms of securing their respective long-term and pension benefits, guarantees equality of treatment of nationals in accessing applicable benefits; the portability of benefits when nationals of one Party reside in the other Party; the totalization of insurance periods, and the exchange of information and mutual assistance between the competent authorities.
The Agreement will have to be ratified separately by both countries and will enter into force four months after such ratifications are formally communicated. For more information, please visit www.philembassy.no or www.sss.gov.ph.
PH-Sweden social security agreement stirs interest among Filipinos in Sweden
sss2.jpg
Filipinos living in Sweden applaud the good news of the forging of a social security agreement between the Philippines and Sweden on 15 October in Stockholm. At an informal forum held the following day, SSS President and CEO Emilio S. de Quiros, Jr. and Philippine Ambassador Bayani S. Mercado welcomed Filipino community attendees, hailing the benefits that said agreement would provide to Filipinos living in Sweden. The SSS President and CEO provided an overview of the national pension system, while SSS Senior Vice President and Philippine negotiator Judy Frances A. See presented an update on the main features and services of the Philippine social security service and answered questions by Filipino community participants on the new bilateral agreement. Ms. See also presented the SSS Flexifund for OFWs, a provident fund-type of investment product that is already serving the financial dreams of many Filipinos abroad.
Following ratification by the Philippines and by Sweden, the social security agreement is expected to benefit nationals of both countries in terms of securing their respective long-term and pension benefits, guaranteeing equality of treatment of nationals in accessing applicable benefits; the portability of benefits when nationals of one Party reside in the other Party; the totalization of insurance periods, and the exchange of information and mutual assistance between the competent authorities.
Filipinos living in Sweden who are interested to reactivate their SSS contributions or participate in the OFW Flexifund can contact the SSS Representative in Europe, Ms. Thelma V. Venturanza, at philsss.uk@gmail.com and +44 207 451 1830/ + 44 208 432 9864 (London office). To view the SSS presentation at the event, please click the link below.
https://docs.google.com/presentation/d/16PR3UVEPpyQsBP7rlbKLNqq28T2WQfia...