This page refers to remuneration and benefits applicable to EIF employees only.
For information regarding remuneration of members of the Governing Bodies, click here

The EIF offers a competitive employment and remuneration package composed of base salary, variable remuneration, benefits as well as health and pension schemes. Compensation and benefits are explained fully during the recruitment process and benefits are detailed in the Staff Regulations, which form an integral part of the employment contract.

Compensation

  • Salary
    EIF salaries are designed to be competitive, to take into account the differing levels of responsibility and to motivate and encourage performance. 

    There are 9 Grade levels at the EIF. The corresponding salary bands are available below (minimum and maximum for each band).

Salary Bands (in gross terms):

Grade level

Minimum (EUR)

Maximum (EUR)

9

231 026.64

258 151.32

8

202 959.76

240 878.41

7

122 855.64

196 569.02

6

93 619.88

149 791.81

5

70 679.01

113 086.42

4

56 155.26

89 848.41

3

50 407.73

80 652.36

2

42 752.60

68 404.16

1

33 760.39

54 016.62

Salary increase and promotion to higher responsibilities are based on performance and professional development. Evaluation of merit is expressed in a performance profile following an annual performance evaluation exercise conducted by management for all staff members.

The EIF may, under certain conditions, distribute an annual performance award. The EIF performance award envelope is impacted by the EIF’s achievements of its annual objectives, as approved by the Board, and is distributed to staff according to individual performance. The net annual performance award granted to a staff member cannot exceed 35% of his/her annual basic salary.

  • Income tax

The Protocol of Privileges and Immunities of the European Communities applies to staff of the EIB Group.

EIF staff members are liable to pay income tax to the European Union on their EIF salaries and pensions. This tax is withheld at source. Consequently, EIF staff are exempt from paying national taxes on their EIF income.

  • Tax scale

The tax scale applied to EIF salaries is progressive: the greater the taxable income, the higher the rate of tax. The scale is divided into income brackets with increasing percentages of taxation, from 0% to 45%. The original tax scale was laid down in 1968 by EC Regulation No 260/68 on tax. The table is adjusted on a regular basis by the Council of Ministers of the European Union.

Other benefits (financial and non-financial)

The EIF offers a comprehensive range of benefits and advantages, subject to eligibility, including:

  • Installation allowance and relocation assistance
  • Expatriation allowance
  • Family allowance
  • Dependent child and education allowances
  • A defined benefit Pension Scheme (with the possibility to subscribe to an Optional Supplementary Provident Scheme)
  • A comprehensive Health Insurance Scheme
  • Accident and Life Insurance
  • Subsidised housing loans
  • Training and Development Programme
  • Career development opportunities
  • Annual leave (24 days per calendar year, 17 EIB Group bank holidays, special leave for family events)
  • Flexible working arrangements (teleworking, part-time)

Benefits upon departure:

  • Resettlement allowance and relocation assistance
  • Termination allowance paid at the expiry of a fixed-term contract

 
 

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 European Investment Fund 2016 – The European Investment Fund is not responsible for the content of external internet sites.