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Pension

The Staff Retirement Plan

The Staff Retirement Plan (SRP) is a contributory defined-benefit plan where benefits are paid as a monthly retirement pension for life or as a combination of a lump sum and a reduced monthly pension.

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Designation of Beneficiary blank form--2026

Designation of Beneficiary Form for SRP (March 2026)

Summary-of-2022-2023-Retirement-Program-Changes-FAQs-3

SRP 2022 & 2023 Changes FAQs

IMF-Staff-Retirement-Plan-Document-May-1-2023

SRP Document (May 2023)

SRP-Handbook-2022-Updated-May-2024

SRP HandBook

SRP-Formula-Quick-Reference-Edited

SRP Grossing Up Formula Quick Reference Guide (October 2021)

Change-of-Pension-Payment-Currency-Rules-Booklet

Rules for Change of Pension Currency

Local Currency Questionnaire

Change of Pension Payment Currency

Change of Pension Currency Form

Qualified Domestic Relations Order Guidelines

Rules for Court-Ordered Payments from SRP

Domestic Partner Registration Form

Guide-to-the-division-of-retirement-benefits-at-divorce

Guide to Division of Retirement Benefits at Divorce

SRP Report CY2024

SRP Investment Performance and Policy Report CY2024

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Pension Death Payout Sample

IMF Retiree Portal

Separate User Logon Required (FIN)

Disability Pension

Staff members who become totally and permanently incapacitated and thereby are unable to perform any duty which the Fund might reasonably call upon them to perform may be eligible to receive a disability pension. Further information about disability pensions is available in the SRP Handbook.

Death Benefits

In the event that participants die during their Fund service or in retirement, death benefits will be paid to their eligible family members. Further details concerning death benefits under the SRP are available in the SRP Handbook.

Important Information Regarding Your U.S. Federal Tax Return

Click (here) for information about FATCA and IRS Form 8938.

No Tax Allowance Payable

The SRP uses the pensionable gross equivalent of net salaries as the basis for determining contributions and benefits rather than the net salaries actually paid. Since the resulting pension benefits are based on these higher gross amounts, SRP participants and beneficiaries are responsible for paying any taxes due on their benefit payments from the SRP. The Fund will not pay a tax allowance in respect of any tax that may be paid on account of SRP benefits.

Division of Retirement Benefits due to a Divorce or Legal Separation

Guide, Administration Committee Rules and Model Documents

For assistance, please contact the SRP team (SRP@imf.org).

Please scan and email your documents to SRP@imf.org, and then mail the original or certified copies to:

International Monetary Fund
Human Resources Department, SRP Team (HQ2-05-009)
700 19th St., NW, Washington, DC 20431

Court-ordered Payments for Former Spouses and Children

If SRP participants are ordered by a court to make payments to their former spouse ("Spouse" shall have the meaning set out in Section 2 of Chapter 6.03 (Spouse and Child Allowances) or children, they may direct a portion of their retirement benefits be paid to one or more former spouses, to a current spouse from whom they are legally separated, or for child ("Child" shall have the meaning set out in Section 2 of Chapter 6.03 (Spouse and Child Allowances) support. In addition, the SRP participant’s spouse or former spouse, or children may request that the Administration Committee give effect to such a court order. Payments that relate to spousal support and division of property are limited to 50 percent of the SRP benefit attributable to the participant’s eligible service during their marriage. Child support payments are additional, and could increase the maximum amount that could be redirected from the participant’s SRP benefits up to two thirds of the total pension.

Voluntary Savings Plan

The International Monetary Fund (“Fund”) Voluntary Savings Plan (“VSP” or “the Plan”) was established as a meaningful way to help eligible IMF employees save for retirement and prepare for a financially secure future. The Plan serves as the available retirement plan for eligible contractual employees, features the “Enhanced Voluntary Savings component” as an alternative retirement plan option for staff who are eligible but elect not to participate in the Staff Retirement Plan (“SRP”), and allows SRP participants to supplement their retirement savings. The Plan is a type of qualified retirement plan commonly referred to as a defined contribution or 401(k) plan. This means that the value of your account depends on the amount of contributions you choose to make to the Plan as a portion of your salary, plus contributions from the Fund (for eligible participants who satisfy applicable conditions), and gains and losses based on your investment choices.

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Summary-of-2022-2023-Retirement-Program-Changes-FAQs

SRP 2022 & 2023 Changes FAQs (February)

Principal-Know-Your-Options-What-To-Do-With-Your-Retirement

VSP -- Know Your Options

VSP-SPD-edited

Voluntary Savings Plan Description (May 2023)

IMF-VSP-Restatement-May-1-2023-Final

Voluntary-Savings-Plan-VSP-Handout

Taxes

If you are a current or former participant in the Staff Retirement Plan (SRP), and are subject to US taxation, you may be impacted by the Foreign Account Tax Compliance Act (FATCA). For retired SRP participants: regulations allow your interest in the SRP to be treated as having a value equal to the amount of the gross distributions received in the most recent taxable year, as reported to you on Form 1099-R. If you did not receive any distributions from the SRP in the prior year, then the value of your interest in the SRP is zero. If you are not required to file (and do not otherwise file) a federal tax return, you are not subject to this reporting requirement. Please refer to instructions for IRS Form 8938 (www.irs.gov) for additional information.

BFSFCU Income Tax Webinar for IMF Retirees

This is the Tax Webinar recording link (it will remain active for up to 60 days).

February 2025