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 2025 and 2024
| 2025 | 2024 | |
| Employer's contribution | 11,4 % | 11,4 % |
| Employee's contribution | 7,15 % before the
age of 53 years and from the age of 63 years 8,65 % between ages 53-62 years | 7,15 % before the age of 53 years and from the age of 63 years 8,65 % between ages 53-62 years |
The state also contributes to the costs of seafarers' pensions.
Along with the 2016 reform, an inducement to reduce disability pension cases among the staff 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. The inducement do not affect the financial support to safeguard the competitiveness of Finnish Shipping.