Staff Salary and Benefits

At the GCF, we give you the opportunity to pursue rewarding and challenging work with skilled and supportive colleagues, learning and development opportunities, and offer competitive base salaries and a comprehensive benefits package that includes worldwide medical insurance, leave, retirement benefits and dependency allowances.

Salary

The Green Climate Fund combines a challenging career with a rewarding benefits package. International staff salaries are paid in US dollars and local staff salaries are paid in Korean won.

Benefits

GCF benefit programs are an integral part of the reward policy and strategy and are designed to meet the challenges of the growing global competition for talent. These programs are established to provide a framework of sufficiency for staff members and their dependents.

  • Health and other Insurances:  All Local and International Staff members, their eligible spouses (including domestic partners) and up to three children, are covered by a comprehensive worldwide health insurance program.
  • Retirement Plan:   The GCF provides a retirement plan for all staff. GCF and Staff members contribute towards the plan.
  • Paid Leave and Holidays:  All GCF staff receive 26 annual leave days, 15 sick leave days, 10 development leave days, and observe 10 public holidays each calendar year. 
  • Dependency Allowance:   The Fund provides dependency allowance for eligible spouses and dependent children.
  • Assistance for Contingent Events:   Medical evacuation services are provided to all staff, as well as assistance such as reimbursement of travel costs outside the duty station in the event of the death of a parent, parent-in-law, spouse or child.

Additional Benefits for International Staff

In addition to those listed above, international staff may also be eligible for the following benefits provided they meet the eligibility criteria set by the Fund:

  • Relocation:   Flight tickets are provided based on the Fund’s travel policy and assistance on visa issuance is made available. All international staff joining from outside the duty station likewise receive travel and shipment allowances. Practical assistance for housing and other facilities are also provided.
  • Settlement and Installation Allowance:   A settlement and installation allowance are given to international staff joining from outside Headquarters to meet the initial extraordinary costs of relocating to a new duty station.
  • Housing Allowance:   GCF provides an allowance to international staff to help meet their living costs.
  • Education Assistance and Education Travel:   The Fund provides education assistance for up to three eligible dependent children of international staff. Should a child be enrolled in an institution outside the duty station, education travel assistance is provided to help reunite the family.
  • Home Country Travel and Allowance:   The GCF provides an annual home country travel benefit to both staff and eligible dependents to visit their home countries.
  • Flexible Work Arrangements:   When practicalities permit, and upon approval of Division Directors/Unit Heads, each Staff Member may be authorized to work remotely from within Korea or outside of Korea.

 

This information is provided to give a general overview of the benefits offered by the Green Climate Fund. The eligibility of staff members is based on the Administrative Guidelines on Human Resources, which remain the definitive source of any legal and administrative interpretation.

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