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 based 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 in the service in 1969 or later, it is a condition that you have at least 120 pensionable seagoing 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 fewer than 120 seagoing months after reaching the age of 40 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 missing in order to claim 12 months after reaching the age of 40, the pension withdrawal must be postponed by one month.

Below are some examples of how the rule plays out: