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EMBO pioneers pension plan for internationally mobile postdoctoral researchers
Date:8/7/2009

ke up post-doctoral research positions in laboratories outside their home countries. It's not unusual for them to move two, or even three, times in the early years of their careers to benefit from exchange with experienced researchers in their chosen fields. Generally this has meant delaying planning for financial security later in life until they take up permanent positions.

A survey conducted by the EMBO Fellowship office revealed that less than ten per cent of fellows contributed to a pension scheme, while nearly all of them were insured against health risks and accidents. The European Charter for Researchers, released by the European Commission (EC) in 2005, called for "adequate and equitable social security provisions" as a basic entitlement for researchers.

A recent decision by the EC to co-fund EMBO Long-Term Fellowships commended the anticipated introduction of the private pension plan for awardees of the fellowships. The 4.3 million euro EC funding will allow EMBO to award 35 percent more long-term fellowships annually - between 75 and 80 additional long-term fellowships. Co-funded EMBO Fellows will be selected during the next two evaluation rounds, making them eligible to participate in the new pension plan.

All new and second-year EMBO Fellows will have the opportunity to join the pension plan when it begins in January 2010. EMBC, the EMBO intergovernmental funding body, is contributing additional funding to support the international mobility of early-stage researchers. The EMBC support allows for incentive contributions of 100 euro per month during a two-year fellowship for each EMBO Fellow enrolled in the plan. Participation in the pension plan is voluntary.

In addition to the monthly 100-euro incentive, participants in the pension plan benefit from:

  • Attractive group conditions
  • Flexible payment and repayment terms
  • Worldwide validity of acquired benefits
  • Possible continuation after
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Contact: Suzanne Beveridge
suzanne.beveridge@embo.org
49-622-188-91108
European Molecular Biology Organization
Source:Eurekalert

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