The first end of career allowances, amounting to 20,000 Swiss Francs (12.500 Euros), will soon be paid to retired cyclists, the UCI announced. The measure, described as a form of social benefit for riders, is designed to help the former pros train to get started with another career.
Any rider retiring from the sport, who is aged at least 30 and who has competed at least 30 days per year during a minimum period of five years in a UCI ProTeam or a UCI professional continental team, may request the payment of this allowance. The fund, set up by the CPA (Association of Professional Cyclists), was created thanks to a deduction of five percent from prize money, carried out since 2002 at all professional races (UCI ProTour and UCI Continental Circuits).
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