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Social Security Tax-Totalization Agreement with Korea

2/3/2016

Published by:

Kwangho Lee

 

An agreement effective April 1, 2001, between the United States and the Republic of Korea (South Korea) improves Social Security protection for people who work or have worked in both countries. It helps many people who, without the agreement, would not be eligible for monthly retirement, disability or survivors benefits under the Social Security system of one or both countries. It also helps people who would otherwise have to pay Social Security taxes to both countries on the same earnings.

 

The agreement covers Social Security taxes (including the U.S. Medicare portion) and retirement, disability and survivors insurance benefits. It does not cover benefits under the U.S. Medicare program or the Supplemental Security Income program.

 

This document covers highlights of the agreement and explains how it may help you while you work and when you apply for benefits.

Social Security Tax-Totalization Agreement with Korea

2/3/2016

Published by:

Kwangho Lee

 

An agreement effective April 1, 2001, between the United States and the Republic of Korea (South Korea) improves Social Security protection for people who work or have worked in both countries. It helps many people who, without the agreement, would not be eligible for monthly retirement, disability or survivors benefits under the Social Security system of one or both countries. It also helps people who would otherwise have to pay Social Security taxes to both countries on the same earnings.

 

The agreement covers Social Security taxes (including the U.S. Medicare portion) and retirement, disability and survivors insurance benefits. It does not cover benefits under the U.S. Medicare program or the Supplemental Security Income program.

 

This document covers highlights of the agreement and explains how it may help you while you work and when you apply for benefits.

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