Wednesday, July 09, 2008

Workers from India Contribute $1 billion to Social Security Fund

An Article in the Indian Express sent to me by Kingshuk Mukherjee documents the contributions of temporary workers from India to the US Social Security Fund....see below... Over $1 billion of contributions to the US Social Security Fund are made annually by an estimated 80,000 “detached workers” from India working on consultancy and onsite assignments — each one has to contribute at the rate of 15% of basic salary. However, when they return to India, these contributions are forfeited as the minimum period to qualify for pension benefits in the US is 10 years (the same is true of India as well)...

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