AMOSUP-Norwegian Survivorship Pension Fund
In connection with the Norwegian International Ship Register (NIS) and the Norwegian Model Collective Bargaining Agreements (CBA) for Filipino seafarers, a pension fund known as the AMOSUP-Norwegian Survivorship Pension Fund Plan was established.
This Plan aims to provide a seafarer’s surviving widow/widower or other designated next of kin a fixed regular and reasonable stream of funds for a limited period of time. This benefit when applicable is on top of the existing death compensation provided under the CBA.
The Plan is administered and implemented by a Board of Trustees in accordance with the implementing rules and regulations of the Fund.