The European Commission has launched his new program to incentive mobility across the european borders between researchers. While have a salary in other country is not difficult at all, it can be pretty hard to receive all of your retirement rights if anyone has worked in a few countries. Now, them all have a fund to guarantee their retirement income called “Retirement Savings Vehicle for European Research Institutions”.
Mobility of researchers is a driver of excellence in research. Nevertheless, researchers currently face many difficulties in preserving their supplementary pension benefits when moving between different countries. To overcome this problem, the European Commission conducted a feasibility study in 2010 on a Pan-European pension arrangement for researchers. Following the feasibility study, the Commission’s Directorate-General for Research and Innovation invited a group of interested employers and employer representatives to prepare the ground for the establishment of what has become known as “Retirement Savings Vehicle for European Research Institutions” or RESAVER.
By participating in RESAVER, employers will be able to sponsor one single pension arrangement. It will be a highly flexible retirement savings product that corresponds to the specific needs of the research community, and is capable of delivering:
cross-border pooling of pension plans;
continuity of the accumulation of pension benefits as professionals move between different organisations and countries during their career;
lower overhead costs (and therefore improved member benefits) through economies of scale;
a pan-European risk pooling solution.
The fund will help get closer to the European Research Area (ERA), a true ‘single market for research’. The second ERA Progress Report, published on 16 September 2014 (IP/14/1003), confirmed that researcher mobility has serious benefits. For example, the research impact of researchers who have moved between countries is nearly 20% higher than those who have not. They generate more knowledge, which in turn means bigger benefits to the economy.