Last date : 26 August and 4 September
IRC2056 : Specialist, Health Financing / Grade Level D – Last date :04 September 2015
IRC2049 : Manager, Innovative Health Financing / Grade Level E – Last date : 26 August 2015
Benefits and Allowances
Below you will find information on salaries, allowances and benefits offered by The Global Fund.
1. Base Salary
Global Fund salaries are paid net of tax in Switzerland, exclusive of allowances, and are paid monthly in arrears in Swiss Francs (CHF). The cost of living in Geneva has been factored into the basic salary ranges against each grade level.
2. Annual Leave
The annual leave entitlement for all 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.
3. Official Holidays
In addition to the annual leave entitlement, the Global Fund recognizes 10 official holidays per year of which 8 are determined by the Global Fund, following the most commonly observed holidays in Geneva, Switzerland.
The remaining 2 days may be taken at the discretion of the employee to reflect the different religions and nationalities of the Global Fund workforce.
4. Expatriate Premium
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 dependants (spouse/domestic partner and/or dependent children) to meet certain costs associated with living in a foreign country. The expatriate premium is paid for a maximum period of 10 years and the amount is reduced 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 recognised by the Global Fund.
5. Child Allowance
Child allowance is paid monthly for each recognized dependent child of the employee up to the age of 18 (or 21 if in full-time education).
The annual child allowance per child is currently:
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CHF 5,025 for each dependant child aged 0-5, and
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CHF 3,461 for each dependant child aged 5-18.
6. Disabled Child Allowance
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 limits applies.
7. Education Grant
This grant is provided to expatriate employees (with the exception of French nationals living in France) to help meet 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 annually by the International Civil Service Commission.
8. Insurance
The Global Fund offers insurance benefits to assist employees in meeting the financial costs of health care and provide financial support to employees or their eligible dependents in case of death or disability. Membership in the employee health insurance plan is mandatory for all employees of the Global Fund.
9. Tax Equalization
Global Fund salaries are exempt from taxation in Switzerland under the Global Fund's Headquarters Agreement with the Swiss Federal Council. 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:
- Employees subject to a worldwide income tax system (such as U.S. citizens and Green Card holders);
- Employees who are subject to taxation and/or social security on Global Fund income in any country as a result of work duties performed in that country provided they are residing in Switzerland.
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 chose 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.
10. The Global Fund Provident Fund
The Global Fund Provident Fund (GFPF) is a cash balance retirement scheme that provides retirement, death and disability benefits for employees and their dependents and/or beneficiaries. Membership in the GFPF is mandatory for all employees of the Global Fund with contracts of three months or longer.
The GFPF 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% of their pensionable remuneration and the Global Fund an additional 15.8%, putting a total of 23.7% of employees’ pensionable remuneration which covers retirement, death and disability insurance and administration costs
11. Relocation Benefits
Relocation benefits and allowances are payable to eligible employees and their accompanying spouse/recognized domestic partner and/or dependent children who relocate a distance which is greater than 75km to take up employment with the Global Fund, relocation benefits vary by length of contract.
Relocation Travel: the Global Fund makes travel arrangements from place of recruitment to Geneva.
Removal and Shipment The Global Fund will engage the services of an International Removal company to organize the move to Geneva on behalf of the eligible employee within a gross weight/volume entitlement; eligible employees may also opt for the lump sum removal allowance in lieu of the assisted removal and shipment wherein the employee receives a lumpsum cash payment and is responsible for managing the relocation of his/her household and personal effects without assistance from the Global Fund.
The Global Fund also provides assistance with housing and school search for eligible employees.
12. Installation Grant
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% 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.
For more details : http://www.theglobalfund.org/en/employment/
