The United States and Mexico have a long-standing partnership that spans across economic, social, and cultural fronts. This partnership has led to bilateral agreements, including the important US-Mexico Social Security Agreement.
The agreement, signed in June 2004, aims to protect the social security rights of individuals who have worked in both countries. The agreement ensures that workers who have contributed to the social security systems of both countries are entitled to receive benefits from both systems.
The agreement covers four different types of benefits: retirement, disability, survivor, and death benefits. If a worker has contributed to both systems, they are entitled to receive benefits based on the total number of years of contributions made to both systems.
For example, if someone has worked for 10 years in Mexico and 10 years in the United States, they would be entitled to benefits from both countries’ social security systems.
The US-Mexico Social Security Agreement also provides for the coordination of social security taxes between the two countries. Workers who are employed in both countries are only required to pay social security taxes to one country at a time, depending on where they are currently working.
This agreement has been beneficial for many individuals and families who have worked in both countries and has helped to prevent the loss of social security benefits. It has also helped to strengthen the social security systems of both countries by increasing the number of people contributing to the systems.
Overall, the US-Mexico Social Security Agreement is an important partnership that recognizes the contributions and rights of workers who have worked in both the United States and Mexico. The agreement has helped to provide social security benefits to many individuals and has strengthened the social security systems of both countries.