Retirement and loyalty benefits for cruise ship crew
Flexible retirement and retention programs for cruise ship officers and crew.
Cruise lines can use structured Retirement and End-of-Service Benefit programs to manage turnover and support a long-term workforce strategy. Through an established financial services partner with more than 40 years of experience supporting maritime employers, MHG Insurance can help facilitate programs tailored to eligibility, contribution, and vesting requirements for shipboard officers and crew.
Learn more about Retirement and Loyalty programs
Cruise lines can use a variety of benefit programs to encourage retention and reward long-term service. The options below offer different approaches to supporting crew while helping employers manage costs and administrative tasks.
Retirement Savings plans for cruise ship crew
Flexible, efficient, and built for cruise line needs.
- Designed to match your requirements and budget.
- Reduced employer administration.
- Option to match employee contributions.
- 100% lump sum at retirement or on leaving service.
- Providers located in recognized and well-regulated offshore jurisdictions.
End-of-Service Benefit plans for cruise ship crew
Simple and affordable crew retention without the complexity of retirement plans.
- Employer-funded program with full control over eligibility, contributions, and service requirements.
- Simple and cost-effective alternative to traditional retirement savings plans.
- Designed to improve crew retention and reward crew loyalty.
- Benefits are paid through payroll when eligible crew complete their required service.
- Unvested funds remain with the employer if a crew member leaves early.