Seagoing service time, after the age of 40, affects when you can withdraw your pension.
Find out how your seagoing service time, after age of 40, affects when you can withdraw your pension.
Members of the Maritime pension fund who were born before 1970 and have earnings before 1. January 2020 are included in the seagoing service based scheme.
The retirement age in the seagoing service scheme is, as a general rule, 60 years. A condition for receiving a pension at age 60 is that you have stopped working on ships in the scheme. For people who started their service in 1969 or later, it is a condition that you have at least 120 pensionable seagoing service months (ten years) after reaching the age of 40 in order to be able to draw a pension at the age of 60. People who have less than 120 months of seagoing service, can only draw the pension from a later date. We call this deferred retirement age.
The rules for deferred retirement age are as follows:
For every two months that are missing to fulfill the requirement of 120 months after reaching the age of 40, the pension must be postponed by one month.
Below are some examples of how the rule plays out:
| Seagoing service months,
after the age of 40 |
Age at the time of
pension withdrawal |
| 120 Months | 60 years |
| 108 | 60 years and 6 months |
| 96 | 61 years |
| 72 | 62 years |
| 60 | 62 years and 6 months |
| 48 | 63 years |
| 24 | 64 years |
| 0 | 65 years |
Contact us:
Telephone: +47 22 35 89 00
Email: post@mpk.no
