RESAVER - Retirement Savings Vehicle for European Research Institutions

What is RESAVER?

The mobility of researchers is a driver of excellence in research. However, researchers face many difficulties in preserving their supplementary pension benefits when moving between different countries. To overcome this problem, the European Commission is supporting a consortium of employers, through Horizon 2020, in creating a single European pension arrangement (RESAVER) that will offer a defined contribution plan, tailor-made for research organisations and their employees.

RESAVER will be a state of the art retirement savings product that will enable mobile and non-mobile employees to remain affiliated to the same pension vehicle when moving between different countries and changing jobs. At the same time RESAVER will lower asset management charges and provide better access to high quality investments.

In 2015 the employer consortium will prepare the ground for the effective establishment of RESAVER with the aim of transferring the first contributions as of 2016. The initiative should remove pensions as a barrier to researchers’ mobility and contributes to the realisation of the European Research Area.

What is RESAVER offering?

RESAVER will offer a mosaic approach that includes three uniquely designed vehicles to administer pension contributions and provide individual insurance coverage. RESAVER will be comprised of the following components:

  • A tailor-made IORP run by research institutions, managing 2nd pillar occupational pension plans, will offer physical pooling of assets and liabilities.
  • A complementary pan-European network of country-specific insurance arrangements will be offered to employers registered in countries not yet part of the IORP.
  • A 3rd pillar insurance solution will be provided for professionals without employment.

The end result will be a highly dynamic retirement savings product that corresponds with the specific needs of both research institutions and their employees.

For more info please visit the RESAVER website

Invitation to join the Employer Consortium

Application form

For more information regarding membership or the set up process please contact the RESAVER contact point:

Telephone: +44 2070 869 126 / +32 2 730 99 11

Telephone: +32 2 295 85 15