End-of-Career Allowance: what it is & how to collect
Pro cyclists can receive up to €12’500 when they retire. The Fund from which the payments are made is administered by the CPA — the riders union. This article exists for riders to learn about the Fund, and how they can collect their retirement benefit.
- raced at least 5 seasons since 2002 on a WorldTour or ProContinental squad (these don’t have to be consecutive seasons)
- raced at least 30 days in each of those 5 years
- has retired and no longer holds an active UCI license
- has not served a 2-year ban for doping offenses
The maximum payment amount you will receive is €12’500. The maximum amount is achieved when the beneficiary reaches 50 points. If the recipient’s career results in fewer than 50 points, the amount paid is determined in proportion to the points earned.
For each contract year, points are awarded as follows:
- Annual salary between minimum wage and €50’000 = 10 points
- Annual salary between €50’000 and €100’000 = 8 points
- Annual salary between €100’000 and €150’000 = 6 points
- Annual salary greater than €150’000 = 4 points
How To Collect
Complete/obtain the following documents:
- the application
- the salary history
- certificates from your teams attesting that you raced at least 30 days each year
- bank details so the CPA can make a wire transfer to your account
Submit the documents to the CPA before March 31 after your last year as a rider.
The CPA will then review the documentation and, if approved, make the payment by wire transfer before June.
Some Background & History of the Fund
Here is a UCI document published in 2002 that describes the creation of the End-of-Career Allowance Fund.
just as it was at its inception in 2002, the Fund receives contributions only from the riders by a 5% levy on prize purses of international races—money that would otherwise go into the riders’ pockets
whereas in 2002 the stated payment to riders was CHF 20’000, today the maximum payment to riders is €12’500 (~CHF 15’100) — a substantial decrease even before accounting for inflation
contrary to the stated aims of the founders of the fund (see “Section 4. The Future”), the sources of funding have not been expanded, and the payments to riders have not been increased
Over the past 5 years (2009–2013), an average of 64 claimants collected Allowances per year—approximately €800’000 per year
Twice in the past 5 years (2009–2013) the Fund paid more than 70 claimants in a single year
For the 2013 race calendar, approximately €840’000 of income (5% of prize purses) was due to be paid to the End-of-Career Allowance Fund, however, not all outstanding invoices have been satisfied by the paying agents responsible for distributing prize money