Signing of the Agreement between Japan and Switzerland on Social Security
22 October 2010
- "The Agreement between Japan and Switzerland on Social Security" (hereinafter referred to as "the Agreement") was signed on 22 October 2010, in Bern, Switzerland, between His Excellency Mr. Ichiro Komatsu, Ambassador Extraordinary and Plenipotentiary of Japan to Switzerland and His Excellency Mr. Yves Rossier, Director of the Federal Social Insurance Office.
- Expatriates of Japanese companies sent to Switzerland so far have been obliged to join both the Japanese and Swiss pension and medical care systems, so called "double burden" of social security. This has been one of the hurdles for expanding economic ties between the two countries. The Agreement aims to resolve this problem, and to allow, in principle, expatriate workers stationed abroad for less than five years to join only the pension and medical care system of their own country. Moreover, the Agreement guarantees the rights of the aforementioned persons to totalize the enrollment period to the social security systems in the two countries.
- After the Agreement goes into effect, it is expected to reduce the burdens of enterprises and expatriate employees, and to thereby encourage further human and economical exchange between the two countries.