The pension insurance contribution for seafarers, i.e. employees, is determined in accordance with the Employees Pensions Act (TyEL).

In 2026, the employee’s earnings-related pension contribution will be 7.3% for all age groups. This change means a lower contribution rate for those aged 53–62 and a higher rate for employees under the age of 53 as well as those aged 63 or older, compared to the 2025 rates.

The employer shipping company’s pension insurance contribution under the Seafarer’s Pension Act (SjPL) is based on an actuarial analysis conducted by the Seafarer’s Pension Fund and confirmed by the Ministry of Social Affairs and Health (MSAH) upon application by the Fund.

The MSAH has confirmed the SjPL pension insurance contribution for 2026 at 11.4% of earnings, as defined in section 78 of the Seafarer’s Pensions Act, for the employer’s share.