Free movement of workers and the RESAVER scheme for researchers

Date01 June 2017
DOI10.1177/1388262717712153
Published date01 June 2017
Subject MatterArticles
Article
Free movement of
workers and the RESAVER
scheme for researchers
Maria-Cristina Degoli
University of Modena and Reggio Emilia, Modena, Italy
Abstract
This paper aims to introduce the key features of the Retirement Savings Vehicle for European
Research Institutions (RESAVER) that went live in September 2016. The pension fund was
established for European researchers to allow them to accumulate their retirement provisions in
one place, while changing jobs and moving between countries. The research used a qualitative
methodology, analysing documents and legislation concerning social security in Europe. It
describes how the measures taken by Member States to deal with the challenges facing the financial
sustainability of pension systems are creating obstacles to workers’ mobility. The analysis of the
feasibility study for the creation of a pan-European pension vehicle shows that it is possible to
achieve a minimum harmonisation in pension rights. The successful implementation of this
Retirement Savings Vehicle is likely lead to two main results. First, it could dissolve existing barriers
to workers’ mobility and, secondly, it could ensure the financial adequacy for future pensions. In
addition, it is highly likely that such cross-border pension product would foster the creation of a
true European labour market.
Keywords
Pension, retirement, mobility, researchers, Europe, RESAVER
Introduction
This paper reports on a study of a pan-European pension fund that has been sponsored by the
European Commission to match researchers’ needs in preserving their supplementary pension
benefits when they move between countries. Mobility is a key concept in Europe, especially in
Corresponding author:
Dr Maria-Cristina Degoli, Department of Law, University of Modena and Reggio Emilia, Via San Geminiano, n. 3, 41121,
Modena, Italy.
E-mail: mariacristina.degoli@unimore.it
European Journal of Social Security
2017, Vol. 19(2) 172–185
ªThe Author(s) 2017
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DOI: 10.1177/1388262717712153
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