The Provident Fund is a benefit scheme for AMOSUP members wherein participating Companies contribute to the Fund of the seafarer’s account. It was established by the union under several CBAs it negotiated with various shipowners’ associations.
The Provident Fund Office manages various fund agreements. Each type of agreement has a separate fund contributed by the participating companies/shipowners for the members on board participating vessels. The scheme is non-contributory and therefore, not deducted from the members’ wages on board.
The contributions are directly remitted by the participating companies to the designated depository bank/s. Contributions also vary in amount depending on the provisions of each CBA. The funds are invested and managed by different reputable financial institutions or fund managers, both locally and abroad in accordance with the directives of the Provident Fund Board of Trustees. Each fund, under each CBA, has a different set of Trustees and its own rule and regulations. The Board of Trustees is normally composed of a balanced number of representatives from the union and the participating companies shipowners.
The Rules and Regulations of each Fund are detailed in the Provident Fund Passbook. The passbook is issued to qualified members through the manning agent that serves as a record of contributions for Participating Vessels. The member should regularly update the passbook with the manning agent and validate said contributions with the Provident Fund Office.
Benefits
The qualified members are entitled to receive the total amount of contributions made in his favor by the Participating Company, plus any interest/income that may have been earned in accordance with the Funds Rules and Regulations.
The qualified member receives, in lump sum and in Philippine pesos, the entire amount contributed under his name, plus 100% of the earnings or interest.
Provident Fund Type | Date of Inception | Amount Contributed by Shipowners/Employers¹ | Booklet |
Total Crew Cost Concept (TCCC) | 1986 | Equivalent to 10% of Basic Pay |  |
All Japan Seamen’s Union (AJSU) | 1989-2007 2008-present | $50.00 for Ratings & Officers $50 for Ratings & $80 for Officers |  |
DUTCH FLAG | 1992 2007-present | $50.00 for Ratings & Officers $50.00 for Ratings & 10% Basic pay for Officers |  |
National Chinese Seamen’s Union (NCSU) | 1992 2008-present | $50.00 for Ratings & Officers $50.00 for Ratings & $80.00 for Officers |  |
Luxembourg Shipowners’ Association (LSA) | 1992-96 1998 to 2017 | Equivalent to 10% of Basic Pay |  |
Singapore Maritime Officers’ Union (SMOU) | 1997 | Equivalent to 10% of Basic Pay |  |
Philippine Registered Vessels (PRV) | 1998 | Variable for Officers; $30.00 for Ratings |  |
Federation of Korean Seafarers’ Union (FKSU) | 10/1997 | $50.00 for Ratings $80.00 for Officers |  |
ITALIAN FLAG | 2000 2008 – present | Equivalent to 10% of Basic Pay $80.00 for Officers $50.00 for Ratings |  |
BRITISH FLAG | 06/2001 | Equivalent to 10% of Basic Pay |  |
Old Swedish Flag | 1998 – 2010 | $98.00 – Officers |  |
New Swedish Flag | 2010 | $150.00 – Officers |  |
Norwegian Cruise Lines (NCL) | 2005 | $50-75.00 for Officers; $50.00 for Ratings |  |
Royal Belgian Shipowners’ Association (RBSA) | 11/2004 | Equivalent to 10% of basic pay |  |
All AMOSUP members who have served under any of the participating vessels of the participating companies may qualify under the scheme depending on the provisions of the CBAs mentioned.
Members are therefore encouraged to check with the Provident Fund Office on the status of the vessels they have previously served on board or the current vessels they are serving.
A member is qualified to claim his contributions if he is either:
- Fifty (50) years old; or
- A member of the Fund for ten (10) years; or
- Inactive from the Fund for two (2) years counted from the date of last disembarkation; or
- Permanently unfit for sea duties; or
- Demise
Recently, the office launched an online e-form wherein members can file their claim wherever they are. They can access the form by using this link: https://amosupprovidentfund.thereforeonline.com/Client/Forms/embed/2/?allowanonymous=1 or by scanning the QR code for easier access
Members will need the following requirements:
- Valid Passport
- Valid Government issued ID
- AMOSUP ID (optional)
- Updated endorsement letter from participating manning agencies
- Updated retirement booklet from participating manning agencies
- Signed Data privacy consent form (please refer to the e-form)
- Proof of ownership for bank account (i.e. Passbook/deposit slip)
- 3 specimen signatures
Note: Kindly upload clear digital copies (either in .pdf or .jpeg format) of the requirements. Minimum of 10kb to maximum of 2mb size only is allowed per file.
An automatic email will be sent to the member stating the status of their application. If there are pending requirements, the procedure is stated in the said email on how they will comply. Or if the application is denied, the reason will also be stated in the same manner.
After the claim has been processed, the member will receive his/her quit claim and voucher for signing to be submitted again on the e-form accessible from the link in the automatic email. Once the documents have been verified, the check will be deposited to the member’s account.
For more information, visit or contact the Provident Fund office at
Provident Fund Office
Ground Floor, Seamen’s Center
Cabildo Cor Potenciana Sts,
Intramuros, Manila
Tel Nos (02) 527-8491 to 98
Fax No: (02) 527-3537
Email: provfund@amosup.org
AMOSUP Cebu
Camino Vicenal St,
Mandaue City, Cebu
Tel No: (032) 236-6871, (032) 346-2598
Fax No: (032) 346,2598
Email: shc_cebu@yahoo.com.ph
AMOSUP Davao
Evergreen Compound
R Castillo St
Agdao, Davao City
Tel No: (082) 234-8266, (082) 234-7185
Fax No: (082) 234-7185
Email: shd_davao@yahoo.com
AMOSUP Iloilo
Onate St, Mandurriao
Iloilo City
Tel No: (033) 321-2438, (033) 321-2469, (033) 321-2429
Fax No: (033) 321-3523
Email: shost_ilo@yahoo.com
Funds that aren’t Managed by AMOSUP
The Danish Provident Fund which was established in 1994 is being managed by Atlanticlux Lebensversicherung S.A. with the following details:
- Address : H20 Building (Building B 1st floor) 33, Rue de Gasperich 5826 Hesperaruge, Luxembourg
- Tel. No. : +352 26 49 42 00
- Fax No. : +352 26 49 43 00
- Email : atl@fwugroup.com
- Contact Person – Rikke Sandhoj Olsen
- Email: r.sandhoj@FWUGroup.com
- Tel. No.: +352 26 49 42 54
The retirement age for this type of Fund is sixty (60) years old. However, members have the option to claim their contributions when they become inactive from the Fund counted from the date of their last disembarkation. Inactive members can only file their claim every January of each year and there is a corresponding deduction of ten (10%) percent of their total principal contribution plus bank charges for remitting the funds to their personal bank account.
Inactive members who are interested in claiming their contributions can visit the AMOSUP Provident Fund Office to file for the withdrawal of the same. The required documents are the following:
- Certificate/Statement of membership to the Danish Provident Fund;
- Valid Passport;
- AMOSUP I.D. or any valid government I.D.; and
- Bank account number registered under the member’s name.
The Norwegian Pension Fund was established in 1988 and is being managed by Uni-Storebrand Pension Services A/S with the following details:
- Address : Professor Kohts vei 9, P.O. Box 455, 1327 Lysaker, Norway
- Tel. No. : +47 22 31 11 00
- Fax No. : +47 22 31 13 75
- Email : provident.fund@storebrand.no
- Contact Person – Nina M. Bolge (Administrative Manager)
The Norwegian unions maintain an office in Manila, Fil-Nor Gain, that can assist the members in their requirements with regards the NIS Pension Fund. Hereinbelow are the details of the office:
- Address : G/F ECJ Building
- Real corner Arzobispo Streets
- Intramuros, Manila
- Tel. No. : +632 405 0210
- Fax No. : +632 405 0220
- Email : filnor@info.com.ph
