I’ve commented many times before that Social Security is a global phenomenon. Almost every country on the planet has a social security system in place for its citizens. (And many countries had social insurance plans long before we got around to implementing our program in 1935.)
In our global economy, it is not uncommon for people to have lived and worked in two or more countries and thus potentially qualify for social security benefits from different countries. How a foreign pension may interact with U.S. Social Security benefits is the subject of today’s column.