If you intend to apply for a part-time pension, you should first make sure that you fulfil the criteria for a part-time pension (e.g. with regard to age and working). If you fulfil the criteria, you should agree with your employer on part-time work and your salary for that part-time work. When these have been agreed, you can submit your application for a part-time pension to the Seafarer’s Pension Fund.

Apply for a part-time pension on the part-time pension application form (pdf).

A part-time pension can be awarded from the beginning of the month following the application. Fill in the application and send it to the Seafarer’s Pension Fund. Once we have received your application, we will contact your employer for details concerning your salary.

The part-time pension amount is half of the difference between your stabilised earnings for full-time employment and the salary for your part-time work.

Stabilised earnings for full-time employment refer to your average salary for the five calendar years preceding the start of part-time pension. Calculating the salary takes into consideration all earnings in line with earnings-related pension legislation.

However, your part-time pension may amount to no more than 75 % of the earnings-based pension you have accrued by the time you start your part-time pension.

For instance, if your stabilised earnings for full-time employment amount to 3,000 euros per month and you transfer to part-time work where your monthly salary, including all allowances, comes to 1,550 euros, your part-time pension will be half of the difference, i.e. 725 euros per month.

The salary for part-time work is an average monthly salary including all allowances.

Receiving a part-time pension also requires you to reduce your workload, which will result in a corresponding change in your earnings. Your earnings may amount to 35-70 per cent of your stabilised earnings. Your stabilised earnings are calculated from your average earnings for the five calendar years preceding part-time pension.

Holidays are determined in line with the collective agreement on part-time employment. You can find out more information from your employer or your union.

Part-time pension continues alongside sickness allowance. A person on part-time pension can apply for disability pension on the grounds of illness. The disability pension of a person on part-time pension does not differ in amount from the pension of a person in full-time employment who retires on a disability pension.

Small changes do not affect a part-time pension. If your salary rises or falls by more than 10%, your part-time pension is recalculated.

The employment contract of a person on part-time pension can be terminated prematurely. Earnings-related unemployment allowance is determined based on the salary for previous full-time employment, if the seafarer is a member of an unemployment fund. Payment of a part-time pension ends when part-time work ends.

Yes, but your part-time pension will end if you return to full-time employment. You need to agree on returning to full-time employment with your employer.

The requirement for continued payment of a part-time pension is always that the part-time employment contract continues.
Part-time work can continue at sea, on land or in another EU State.

You are entitled to a part-time pension when you have reached the age of 58.

Other criteria include

• you have been in full-time employment for 12 out of the 18 months preceding retirement
• you have accrued earnings amounting to at least 78,730,40 euros over the past 15 years (2011 level). (When calculating earnings, a maximum of 15.746,08 euros for each calendar year (2011 level) will be taken into consideration. You can have earned your income in Finland or another EU/EEA State.
• your employment contract is permanent 
• you will transfer to part-time work.

Transferring to part-time pension reduces your old-age pension by a relatively small amount Accrual rates are age-related.

Accrual for people born in 1946 and before

• at a rate of 2.0% on annual earnings until the age of 65 and 1.6% from 65 to 67 years of age
• at an annual rate of 1.5% on a reduction in earnings until the age of 65.

Accrual for people born in 1947 and later

• at a rate of 2.0% on annual earnings until the end of the month when the person reaches 63 years, and 4.5% from 63 to 67 years of age
• at an annual rate of 0.75% on a reduction in earnings until the age of 68.

Accural for people born in 1953 and later

• at a rate of 2.0% on annual earnings until the end of the month when the person reaches 63 years and 4.5% from 63 to 67 years of age
• no accural on a reduction in earnings.