Commission announces new pan-European pension fund
To boost mobility of researchers in Europe the European Commission launched a consortium that aims to establish a new pan-European pension arrangement. Once put in place, the RESAVER (Retirement Savings Vehicle) initiative would mean that researchers could move freely without having to worry about preserving their supplementary pension benefits.
The consortium plans to set up the pension arrangement in 2015. It will enable researchers to remain affiliated with the same pension fund, even when changing jobs and moving between different countries. The European Commission will cover the initial set up costs through a four-year framework contract that will be awarded before the end of 2014.