NSA Provident Fund
The NSA Provident Fund was established April 1st 1992 by the collective agreement between Norwegian Shipowner's Association (NSA) and AMOSUP (a Filipino Union) for the benefit of Filipino seafarers serving on board vessels registered with NIS. Today this Fund has more than 50 000 Filipino seafarers with over 60 contributing employers.
The NSA Provident Fund Rules
Entry of Fund
The employers pay contributions into the fund on behalf of the members. The Provident Fund provides a lump sum cash payment at retirement age (50), disablement or death.
Contributions
All contributions are paid to the fund by your employer for the time you're onboard a vessel participating in the fund. Contributions are paid quarterly in arrears (USD 80 per month for Officers and USD 50 per month Ratings).
Statement of Account
In May each year, Storebrand sends annual statements of account to your most recent employer or manning agent who will forward it to you. The statement shows the balance of your account and the contributions paid for the previous year.
Termination of Service
If you terminate service on board a participating vessel, you will remain a member of the Provident Fund for your vested rights until reaching retirement age of 50 years (or later termination as agreed by the employer), or earlier death.
Entitlements in the Fund
For service on a participating vessel after 1. January 1996, all members are entitled to 100 per cent of paid contributions.
Claim for Entitlements in the Fund
Storebrand will evaluate the received claim and documentation. Once your claim has been approved, settlement will be made to your bank account as provided in the claim form.
Please note that claims are paid on a quarterly basis according to the Fund agreement. The handling of the claim therefore takes approximately six months.
How to claim your benefits
Retirement Benefits
In order to be entitled to claim your retirement benefits you have to meet the earliest retirement age of 50 and be fully retired. When you claim your retirement benefits your employer will no longer pay contributions on your behalf into the Fund.
To claim your Retirement benefits, please submit a completed Claim Form including:
- A copy of your passport
- A copy of your Norwegian Seaman's documentation book (i.e. Fartsoppgave — attesting to working periods in which you served onboard NSA vessels)
- A confirmation of sea-service issued by your employer if available
Disability Benefits
In order to be entitled to claim your disability benefits, the disablement must have occurred as a result of disease or injury whilst in service on a participating vessel. To claim your disability benefit the disability must be:
- Permanent
- Caused by an occupational injury or disease whilst on board of a participating vessel
- Certified by a doctor approved by Norwegian authorities
To claim your Disability benefits, please submit a completed Claim Form including:
- Copy of your passport
- Copy of a medical certificate confirming your permanent disability
- Copy of your Norwegian Seaman's documentation book (i.e. Fartsoppgave — attesting to working periods in which you served onboard NSA vessels)
- Confirmation of sea-service issued by your employer if available
- Evidence if you have received compensation in accordance with the Norwegian Shipping Association's Collective Bargaining Agreement.
- Complete a Consent for special category data form
Death Benefits
In the event of death, your money will be paid to your beneficiary/-ies. Your beneficiary/-ies are:
- Legal spouse. If you have no spouse then,
- Your children. Should you have no children then,
- Your parents
- Persons appointed by you
To claim your Death Benefits, please submit a completed Claim Form including:
- Copy of the late member's passport
- Copy of death certificate
- Copy of the beneficiary/-ies personal identification papers (marriage certificate and copy of passport in case of spouse, otherwise personal passport)
- Copy of your Norwegian Seaman's documentation book (i.e. Fartsoppgave — attesting to working periods in which you served onboard NSA vessels, or a confirmation of sea-service issued by your employer)
- Confirmation of sea-service issued by your employer if available
The NSA Provident Fund Member Booklet
The Member Booklet provides a detailed description of rights the seafarer has being a member of the Fund.
Claims Form
Due to a new General Data Protection Regulation law with an enforcement date of May 25, 2018, Storebrand will no longer be able to receive e-mails containing any kind of personal data or information, nor documents containing personal data or information. Storebrand cannot guarantee that messages sent via regular, unsecured e-mail over the internet will not be known to others. This applies to both subject field, text and any attachments.
The documents must be sent to Storebrand by ordinary post as hard copy, or sent by secure email.
Client Manager and Administrative Manager
Service Manager