## Compensation and Benefits

## Source details

**Canonical URL:** [Compensation and Benefits](https://www.imf.org/en/about/recruitment/life-at-the-imf/compensation-and-benefits)

## Other formats

- [Markdown version](/en/about/recruitment/life-at-the-imf/compensation-and-benefits/index.md)
- [Structured JSON version](/en/about/recruitment/life-at-the-imf/compensation-and-benefits/index.json)
- [Bundle manifest](/en/about/recruitment/life-at-the-imf/compensation-and-benefits/bundle-manifest.json)

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### Salary benchmarking and career progression
- Salaries are benchmarked against several comparator markets from around the world to ensure they are competitive.
- Salaries will grow as you progress in your career.

### Medical coverage and health benefits
- Medical Benefits Plan provides flexible and comprehensive global coverage for you and your family.

### Leave, flexible work arrangements, and parental supports
- Annual leave initially includes up to 26 annual leave days per year, increasing to 30 days with long service.
- Sick leave: 15 days of sick leave per year.
- You may be eligible for parental leave.
- Flexible work arrangements may include working from home (teleworking), flexible start dates, and compressed work schedules.

### Retirement and savings
- Retirement benefits include a generous final salary, defined contribution pension plan, and voluntary retirement savings plans for all employees.

### Family supports and expatriate assistance
- Support for families includes the IMF Spouse and Partner Association, which provides a support network for partners offering:
  - Advice on living and working in the area.
  - Career services and personal development.
  - English language courses.
  - A school counselor to help children settle into school.
  - An onsite childcare center.
- Expatriate benefits for staff who are not from the U.S. include support for regular visits home and child education.

### Appointment types, durations, and contractual limits
- Staff appointments are normally for an initial term of up to three years.
- Subject to performance indicating potential for a successful IMF career and considering institutional needs, staff may be offered either:
  - An extension to their term appointment, or
  - Appointment to a regular staff position (an indefinite appointment).
- Contractual positions may vary in initial appointment length but can be extended based on need, for up to a cumulative maximum of four years.
- Eligibility for certain contractual benefits may vary by length of service and position type.

---


## References

- [Back to Main Page](https://www.imf.org/en/about/recruitment)
- [Working at the IMF](https://www.imf.org/en/about/recruitment/working-at-the-imf)
- [Life at the IMF](https://www.imf.org/en/about/recruitment/life-at-the-imf)
- [Finding the Right IMF Job](https://www.imf.org/en/about/recruitment/find-the-right-imf-job)

_Source: https://www.imf.org/en/about/recruitment/life-at-the-imf/compensation-and-benefits_