[House Document 106-243]
[From the U.S. Government Publishing Office]



106th Congress, 2d Session - - - - - - - - - - - House Document 106-243


 
                AGREEMENT WITH KOREA ON SOCIAL SECURITY

                               __________

                                MESSAGE

                                  FROM

                   THE PRESIDENT OF THE UNITED STATES

                              transmitting

AN AGREEMENT BETWEEN THE UNITED STATES OF AMERICA AND THE REPUBLIC OF 
  KOREA ON SOCIAL SECURITY, WHICH CONSISTS OF TWO SEPARATE INSTRUMENTS--A 
  PRINCIPAL AGREEMENT AND AN ADMINISTRATIVE AGREEMENT, PURSUANT TO 42 
  U.S.C. 433(e)(1)




    May 23, 2000.--Message and accompanying papers referred to the 
         Committee on Ways and Means and ordered to be printed.

                               __________

                    U.S. GOVERNMENT PRINTING OFFICE
64-540                     WASHINGTON : 2000

To the Congress of the United States:
    Pursuant to section 233(e)(1) of the Social Security Act, 
as amended by the Social Security Amendments of 1977 (Public 
Law 95-216, 42 U.S.C. 433(e)(1)) (the ``Act''), I transmit 
herewith the Agreement Between the United States of America and 
the Republic of Korea on Social Security, which consists of two 
separate instruments: a principal agreement and an 
administrative arrangement. The Agreement was signed at 
Washington on March 13, 2000.
    The United States-Korean Agreement is similar in objective 
to the social security agreements already in force with 
Austria, Belgium, Canada, Finland, France, Germany, Greece, 
Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal, 
Spain, Sweden, Switzerland, and the United Kingdom. Such 
bilateral agreements provide for limited coordination between 
the United States and foreign social security systems to 
eliminate dual social security coverage and taxation and to 
help prevent the loss of benefit protection that can occur when 
workers divide their careers between two countries. The United 
States-Korean Agreement contains all provisions mandated by 
section 233 and other provisions that I deem appropriate to 
carry out the purposes of section 233, pursuant to section 
233(c)(4) of the Act.
    I also transmit for the information of the Congress a 
report prepared by the Social Security Administration 
explaining the key points of the Agreement, along with a 
paragraph-by-paragraph explanation of the provisions of the 
principal agreement and the related administrative arrangement. 
Annexed to this report is the report required by section 
233(e)(1) of the Social Security Act, a report on the effect of 
the Agreement on income and expenditures of the U.S. Social 
Security program and the number of individuals affected by the 
Agreement. The Department of State and the Social Security 
Administration have recommended the Agreement and related 
documents to me.
                                                William J. Clinton.
    The White House, May 22, 2000.
    
    
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