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About the Fellowship Fellows and Foreign Members are elected for life through a peer review process on the basis of excellence in science. There are approximately 1,700 Fellows and Foreign Members, including around 85 Nobel Laureates.
The main criterion for election as a Fellow is scientific excellence. The names of the candidates remain confidential to the Fellowship until they are elected. Fellows of the Royal Society are elected for life and designate themselves through the use of the letters FRS after their names.
You will be eligible for a Pension Plan benefit (i.e. be vested) when you complete six years of service (if you were enrolled in the FRS prior to July 1, 2011) or eight years of service (if you were enrolled in the FRS on or after July 1, 2011).
In the FRS Investment Plan, you and your employer make a monthly contribution for your retirement based on your salary and membership class. You decide how to invest your account balance in various investment funds the plan offers.
The FRS Investment Plan is similar to a 401(k) plan. Members own all employer contributions and earnings in their Investment Plan account after completing 1 year of service. Employee contributions are immediately vested.

People also ask

Designating your beneficiaryGenerally, a person designated by a pension plan participant, or by the plan's terms, to receive some or all of the participant's pension benefits upon the participant's death. is very important, even if you have not yet begun to receive pension payments.
The FRS Pension Plan is a defined benefit plan. That means that your retirement benefit is set by a fixed formula. No matter how well or poorly the trust fund investments perform, you are guaranteed to receive your accrued benefit for your lifetime. The FRS Investment Plan is a defined contribution plan.
Designating your beneficiaryGenerally, a person designated by a pension plan participant, or by the plan's terms, to receive some or all of the participant's pension benefits upon the participant's death. is very important, even if you have not yet begun to receive pension payments.
Fellowship of the Royal Society (FRS, ForMemRS and HonFRS) is an award granted by the judges of the Royal Society of London to individuals who have made a "substantial contribution to the improvement of natural knowledge, including mathematics, engineering science, and medical science".
LONDON: Three Indian-origin scientists have been elected fellows of the Royal Society, Britain's independent fellowship of many of the world's most eminent scientists, for their "outstanding contributions to science".

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