{"id":1755,"date":"2024-05-27T12:32:46","date_gmt":"2024-05-27T11:32:46","guid":{"rendered":"https:\/\/mpkstg.wpenginepowered.com\/?p=1755"},"modified":"2024-05-29T12:55:29","modified_gmt":"2024-05-29T11:55:29","slug":"how-does-your-seagoing-service-time-after-age-40-affects-when-you-can-withdraw-your-pension","status":"publish","type":"post","link":"https:\/\/www.mpk.no\/en\/2024\/05\/27\/how-does-your-seagoing-service-time-after-age-40-affects-when-you-can-withdraw-your-pension\/","title":{"rendered":"How does your seagoing service time after age 40, affect when you can withdraw your pension?"},"content":{"rendered":"

<\/p>\n

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.<\/span><\/p>\n

The retirement age in the seagoing service based scheme is, as a general rule, 60 years. <\/span>A condition for receiving a pension at age 60 is that you have stopped working on ships in the scheme.<\/span><\/p>\n

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. <\/span>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.<\/span><\/p>\n

The rules for deferred retirement age are as follows:<\/span><\/p>\n

 <\/p>\n

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.<\/span><\/p>\n

 <\/p>\n

Below are some examples of how the rule plays out:<\/span><\/p>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n
Seagoing service time after age 40<\/strong><\/span><\/td>\nPossible withdrawal age<\/strong><\/span><\/td>\n<\/tr>\n
120 months<\/span><\/td>\n60 years<\/span><\/td>\n<\/tr>\n
108 months<\/span><\/td>\n60 years and 6 months<\/span><\/td>\n<\/tr>\n
96 months<\/span><\/td>\n61 years<\/span><\/td>\n<\/tr>\n
72 months<\/span><\/td>\n62 years<\/span><\/td>\n<\/tr>\n
60 months<\/span><\/td>\n62 years and 6 months<\/span><\/td>\n<\/tr>\n
48 months<\/span><\/td>\n63 years<\/span><\/td>\n<\/tr>\n
24 months<\/span><\/td>\n64 years<\/span><\/td>\n<\/tr>\n
0 months<\/span><\/td>\n65 years<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

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