The activities of the Seafarer’s Pension Fund are monitored by the Ministry of Social Affairs and Health and the Financial Supervisory Authority.

The Pension Fund’s highest decision-making body is its 13-member Delegation that meets at least once a year. It approves the financial statements and elects the auditors. The Delegation comprises representatives of the State authority, shipping companies and seafarer employee organisations.

The Board of the Seafarer’s Pension Fund approves disability pensions, decides on asset investments, issues statements and initiates matters concerning seafarers’ pension provision. It is also responsible for the administration of the Pension Fund and for ensuring the appropriate arrangement of its activities.

State representatives serve as the Chairman and Vice Chairman of the Board, and the Board’s members comprise shipping companies represented by the Finnish Shipowners’ Association as well as employee organisations represented by Suomen Konepäällystöliitto, Suomen Laivanpäällystöliitto and The Finnish Seamen’s Union.