Benefits and allowances offered to employees of the Global Fund include:
Jobs at the Global Fund are classified by grade levels, with Grade Level A being entry level and Grade Level G the most senior level.
When an employee joins the Global Fund, the organization will obtain for them a carte de legitimation from the Swiss government, which is a special authorization to live and work in Switzerland that is only granted to employees of international organizations. This authorization is only for the period that the person has an employment contract with the Global Fund, and is not transferable to other employment.
Global Fund salaries are paid net of tax in Switzerland and exclusive of allowances. Salaries are paid monthly in arrears in Swiss Francs (CHF). The cost of living in Geneva has been factored into the basic salary ranges for each grade level. Salaries are paid directly into the employee’s bank account, and can be paid into any account worldwide, as requested, although if paid into a bank account in a currency other than CHF, the exchange rate risk is the responsibility of the employee.
The annual leave entitlement for full-time employees is 30 working days in a full calendar year. Annual leave is accrued at the rate of 2.5 days per calendar month and is calculated on a pro rata basis for employees starting or leaving part way through the year.
In addition to the annual leave entitlement, the Global Fund recognizes 10 official holidays per year, of which eight are determined by the Global Fund, following the most commonly observed holidays in Geneva, Switzerland.
The remaining two days are considered “personal days” and may be applied for at the discretion of the employee to reflect the different religions and nationalities of the Global Fund workforce.
The expatriate premium is a monthly allowance paid to employees who are recognized as expatriate by the Global Fund. This allowance provides additional financial support for employees and their recognized dependents (spouse/domestic partner and/or dependent children) to meet certain costs associated with living in a foreign country and to maintain links with their home country. The expatriate premium is paid for a maximum period of ten years and is reduced annually after six years.
The annual amount of the expatriate premium is calculated as a percentage of the reference salary* and is dependent upon the nationality of the employee as recognized by the Global Fund.
Child allowance is paid monthly for each recognized dependent child of the employee up to the age of 18 (or 21, if the child is in full-time education).
This allowance is payable to employees whose dependent child is disabled (evidence of the disability will be required). A disabled child allowance is twice the regular child allowance payment and no upper age limit applies.
This grant is provided to expatriate employees (with the exception of French nationals living in France) to help meet part of the extra costs faced in providing children with an education that will enable them to assimilate back into their own country.
The education grant is payable for children in mandatory full-time education up to the end of the school year in which the child reaches the age of 25 or completes four years of post-secondary education, whichever is earlier.
This grant is paid in Swiss Francs (CHF) and the amount is determined in accordance with the latest education grant tables published by the International Civil Service Commission.
The Global Fund offers an attractive insurance package to assist employees in meeting the financial costs of health care for them and their recognized spouse/domestic partner and dependent children. Membership in the employee health insurance plan is mandatory for all employees of the Global Fund.
The Global Fund also provides financial support to employees or their eligible dependents in case of death or disability.
Global Fund salaries are exempt from taxation in Switzerland under the Global Fund's Headquarters Agreement with the Swiss Federal Council. However, Global Fund income may be taken into account by the tax authorities in determining the tax rate on non-Global Fund income (such as spousal income) - the resulting incremental tax is not reimbursed by the Global Fund.
There are, however, some categories of employees who may be subject to tax on their Global Fund income. In this case, employees with contracts of three months or more may be eligible to receive a tax allowance under the Global Fund Tax Equalization Policy. This policy applies to the following employees joining the Global Fund:
If an employee is eligible, a tax allowance is paid to the employee in Swiss Francs to compensate for any taxes due on their Global Fund income.
NOTE: Employees who choose to live in France on taking up employment with the Global Fund may be subject to French taxes and are not covered by the Global Fund Tax Equalization Policy.
The Global Fund Provident Fund is a cash-balance retirement scheme that provides retirement, death and disability benefits for employees and their dependents and/or beneficiaries. Membership in the Provident Fund is mandatory for all employees of the Global Fund with contracts of three months or longer.
The Provident Fund is funded through employer and employee contributions based on an employee’s pensionable remuneration. The investment return for this established cash balance scheme is subject to a guaranteed minimum rate of return. Employees will contribute 7.9 percent of their pensionable remuneration and the Global Fund an additional 15.8 percent, for a total of 23.7 percent of employees’ pensionable remuneration which covers retirement, death and disability insurance and administration costs.
Relocation benefits and allowances are payable to eligible employees and their accompanying spouse/recognized domestic partner and/or dependent children who relocate a distance of 75km or more to take up employment with the Global Fund. Relocation benefits vary by length of contract.
The Global Fund also provides assistance with housing and school search for eligible employees.
This grant is intended to cover any additional costs of taking up residence in Geneva and any pre-departure expenses incurred. This grant is equivalent to one month’s reference salary* for the employee and 50 percent of one month’s reference salary for the employee’s spouse/recognized domestic partner and each dependent child who relocates with the employee for a minimum period of six months.
* The Global Fund reference salary is currently CHF 103,600 p.a.
Disclaimer: Not all benefits and allowances listed in this document apply to all types of contracts. Benefits and allowances may change at any time.