The Convention on Social Security between Canada and the Republic of Peru comes into force March 1, 2017
News Release
March 1, 2017 Ottawa, Ontario Employment and Social Development Canada
The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development, announced that the Convention on Social Security between Canada and the Republic of Peru enters into force today, March 1, 2017.
This Convention will coordinate the operation of Canada’s Old Age Security and Canada Pension Plan programs with certain comparable social security programs of Peru that provide pensions for retirement, old age, disability and survivors.
It will also result in direct savings for Canadian companies operating in Peru since they will no longer be required to pay social security contributions to the Peruvian pension system on behalf of their Canadian employees working temporarily in Peru. This will promote investment and trade.
Quotes
“I am pleased to announce that, with the entry into force of the Convention on Social Security between Canada and the Republic of Peru, we will continue to improve the retirement security of Canadians whether they have lived or worked in Canada or abroad.”
– The Honourable Jean-Yves Duclos, Minister of Families, Children and Social Development
Quick Facts
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This Convention will:
help Canadians and Peruvians to qualify for old age, disability and survivors benefits based on their affiliation to each country’s pension system;
provide continuing social security coverage for employees sent by their Canadian employers to work temporarily in Peru. Peruvian companies and their employees sent to work in Canada will also benefit from the same advantages; and
result in savings and increase the economic competitiveness of Canadian and Peruvian companies operating in each other’s territory.
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Contacts
Émilie Gauduchon-Campbell
Press Secretary
Office of the Honourable Jean-Yves Duclos, P.C., M.P.
Minister of Families, Children and Social Development
819-654-5546
Media Relations Office
Employment and Social Development Canada
819-994-5559
media@hrsdc-rhdcc.gc.ca
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