Page 8 - Seafarers_Pension_Fund_Annual_Report_2022

Annual Report of the Board

Seafarers’ Pension Fund 2022 Annual Report

Paid pensions and benefits The following table shows the development of the contributions pay-
able by employers.
MEUR
180 158.1 160.6 163.4 163.7 166.8 Year 2017 2018 2019 2020 2021 2022 2023

150 Shipowner
employer’s MEL
120 contribution, % 15.40 13.20 12.80 11.40 11.40 11.40 11.40

90

60 In 2022, the government share stood at 29% of the pension
expenditure. In 2022, the State provided EUR 58.7 million for the
30 payment of MEL pensions.

0 2018 2019 2020 2021 2022

MEL pension expenditure, % Pensions

7.0 In 2022, a total of 643 decisions were issued concerning the granting
6.0 or rejection of a pension, a benefit or amendments thereto. The number
of decisions was 81 more than were issued during the preceding year.
87.0 The increase in the number of applications was influenced by the
recovery of the passenger ship sector after the COVID-19 epidemic and,
Old-age pensions in particular, by the exceptionally high earnings-related pension index
Unemployment pensions (6.8%) for those retiring after 1 December 2022. The earnings-related
Survivors’ pensions pension index also raised pensions that were already being paid at that
time. The most applications were submitted for old-age and partial
early old-age pensions.

2021 2022 Change

Reasons for disability, Old-age pensions 194 322 +128
granted pensions + early/partial old-age
pensions 35 56 +21
No. Rehabilitation benefit
+ disability pensions 50 22 -28
30 Rehabilitation/
allowance/increment 91 89 -2
25 Survivors’ pensions 88 44 -44
Surviving spouse’s
20 continuing pensions 20 -2
Funeral grants 41 38 -3
15 Other decisions 61 72 +11
Rejections 562 643 +81
10 Total

2

0 2020 2021 2022

2019

Muscoloskeletal diseases The quality of the Fund’s decision-making is indicated by the
Mental health disorders sustainability of the decisions in various appeal instances. The Pension
Tumours Appeal Court rejected appeals in 12 cases. Nine appeals concerned
Injuries, poisonings disability pensions, one concerned vocational rehabilitation and two
concerned survivors’ pensions. The Pension Appeal Court overturned a
Circulatory diseases decision by the Seafarers’ Pension Fund in three separate cases. These
Diseases of the nervous system concerned the right to a full disability pension, the continuation of a
Other diseases rehabilitation benefit in accordance with a temporary decision and the
right to vocational rehabilitation by virtue of a preliminary decision.

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