Heidelberg, Germany, 6 August 2009 The European Molecular Biology Organization (EMBO) announced today the introduction of a new private pension plan for EMBO Fellows. The plan offers a benefit package that optimally suits the needs of highly mobile scientists.
Post-doctoral researchers who are beneficiaries of an EMBO Long-Term Fellowship may begin enrolling in the pension plan from 1 January 2010.
"The international portability of the pension plan allows contributors to continue in the plan as they move from country to country," said Jan Taplick, EMBO Deputy Director and manager of EMBO Fellowships. "We are pleased to now offer a solution to the long-time problem facing EMBO Fellows who wish to plan for financial security while they are actively mobile early in their research careers."
Renowned for strict attention to scientific excellence, EMBO Fellowships have supported thousands of talented young researchers since they were first introduced in the 1960s. More than 200 long-term fellowships are awarded annually, offering funding and support for two-year post-doctoral research terms.
This is the first time that a European science organization has established a pension plan for its fellows. MLP, a Heidelberg based independent financial services and wealth management consulting company, has developed the concept and will also administer the pension plan according to the needs of highly mobile scientists. Funds invested in the plan will be managed by Allianz, one of the highest-rated worldwide insurers operating in more than seventy countries.
"The pension plan is a unique concept that has been tailored to the requirements of EMBO Fellows," said Harald Huhn, Managing Director of the Company Pension Scheme Division at MLP. "It allows them to make early pension provisions without having to make any concessions in terms of their mobility."
Following completion of PhD studies, many young researchers often ta
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European Molecular Biology Organization