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Clinton, Bill

US-Greece Social Security Agreement: A Key International Accord on Social Security Coordination

Strategic Insights

— 1 min read

The agreement between the United States and Greece on social security, signed on June 22, 1993, aims to prevent dual social security coverage and taxation, and to avoid the loss of benefit protection when workers maintain careers in two countries. This accord is part of a larger effort to establish similar agreements with other countries, including Austria, Belgium, Canada, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. The agreement consists of a principal agreement and an administrative arrangement, which were transmitted to the US Congress on January 26, 1994.

Key Takeaways:

  • The US-Greece Social Security Agreement aims to prevent dual social security coverage and taxation, and to avoid the loss of benefit protection for workers with careers in two countries.
  • The agreement is part of a larger international effort to establish similar agreements with 17 other countries.
  • The agreement consists of a principal agreement and an administrative arrangement.
  • The principal agreement provides for limited coordination between the US and Greek social security systems.
  • The administrative arrangement outlines the implementation of the principal agreement.
  • The agreement was signed on June 22, 1993, and transmitted to the US Congress on January 26, 1994.
  • The Department of State and the Department of Health and Human Services recommended the agreement to President Clinton.

Statistics:

  • The agreement was signed on June 22, 1993.
  • The agreement was transmitted to the US Congress on January 26, 1994.
  • 18 countries have established similar social security agreements with the United States, including Austria, Belgium, Canada, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, the United Kingdom, and Greece.

Sources:

  • Social Security Act, Section 233 (e)(1).
  • Public Law 95-216, 42 U.S.C. 433e (1).
  • Agreement between the United States and Greece on Social Security.
  • Report of the Department of Health and Human Services on the effect of the Agreement on income and expenditures of the U.S. Social Security program.

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