POMS Reference

This change was made on Nov 27, 2017. See latest version.
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GN 01741.110: Scope of the U.S.-Korean Agreement

changes
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  • Effective Dates: 11/22/2017 - Present
  • Effective Dates: 11/27/2017 - Present
  • BASIC (03-01)
  • GN 01741.110 Scope of the U.S.-Korean Agreement
  • A. Policy — Benefit programs included
  • The provisions of the agreement that permit people to qualify for benefits based on combined U.S. and Korean coverage credits apply to the following types of benefits:
  • * U.S. retirement, survivors and disability benefits. The agreement does not apply to Medicare benefits Supplemental Security Income payments.
  • * U.S. retirement, survivors and disability benefits. The agreement does not apply to Medicare benefits or Supplemental Security Income payments.
  • * Korean retirement, survivors and disability benefits. The agreement does not apply to Korean industrial accident benefits.
  • B. Policy — Taxes included
  • The provisions of the agreement that eliminate dual Social Security coverage and taxes apply to:
  • * U.S. Social Security taxes (FICA and SECA) including the Medicare portion, and
  • * Korean Social Security taxes that finance retirement, survivors and disability benefits and the industrial accident program.
  • C. Reference
  • Agreement provisions for the elimination of dual coverage and taxation,
  • RS 02001.950-RS 02001.998