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MEL pension contribution

The pension contribution in conformance with the Seafarer's Pensions Act is paid by both the employers and employees. From the beginning of the year 2016, the employee's pension contribution is as high as the employee's pension contribution in conformance with the Employee's Pensions Act (TyEL). The Ministry of Social Affairs and Health ratifies yearly the percentage of employer's pension contribution.

MEL pension contribution in 2018 and 2017

 20182017
Employer's contribution 13.2 %15.4%

Employee's contribution

 

6,35 % before the
age of 53 years and
from the age of 62 years

7,85 %
between ages 53-62 years

6,15 % before the
age of 53 years and
from the age of 62 years

7,65 %
between ages 53-62 years​

 

The state also contributes to the costs of seafarers' pensions.

New in MEL pension contribution

 

The MEL pension contribution was revised in 2016.  Earlier the pension contribution has been divided evenly between the employer and employee.

Along with the reform, an inducement to reduce disability pension cases among the staf was included in the employer's pension contribution. The employer's pension contribution is affected by the calculated risk ratio based on the disability pensions granted to the employees.

Electronic services

Seafarers

Loki online service (available in Finnish and Swedish)