DRAFT AGREEMENT BETWEEN

Pensions 1.  Subject to the provisions of paragraph 2 of Article 19 of this Agreement, pensions and other similar remuneration paid to a resident of a Contracting State in consideration of past employment shall be taxable only in that State. 2.  Notwithstanding the provisions of paragraph 1 of this Article, pensions paid and other payments made under a public scheme which is part of the social security system of a Contracting State or an administrative subdivision or a local authority thereof shall be taxable only in that State.