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Home > About FDIC >
Careers at FDIC > What We Offer
> Benefits |
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Benefits The FDIC offers a wide range of benefits programs for its employees and their eligible dependents, including: Benefits Eligibility Chart - PDF Federal Employees Health Insurance
Federal Employees Dental and Vision Program (FEDVIP) Although not all of the above benefits are offered for every position, be assured that the benefits package you'll receive at the FDIC is among the best designed, most flexible and highly generous available in the private and public sectors. Federal Employees Health Insurance Eligible employees can choose one of many plans provided under the Federal Employees Health Benefits Program (FEHB). This program consists of Managed Fee-for-Service (FFS), Point-of-Service (POS), Health Maintenance Organizations (HMO), and High-Deductible Health Plans (HDHPs) with a Health Spending Account. Eligible employees can continue this health care coverage into retirement. Federal Employees Dental and Vision Program (FEDVIP) FEDVIP Dental and Vision plans provide a comprehensive range of services. Employees pay 100% of the premium. Benefits are coordinated if you enroll in FEDVIP and an FDIC Choice dental and/or vision program and/or a FEHB plan as follows: your dental benefits will be paid first by the FDIC Choice dental plan, then your FEHB plan (if that plan provides dental or vision coverage) and lastly by FEDVIP. Vision benefits are paid based on customary "coordination of benefits" rules, meaning the your oldest enrollment pays first and, for children who are covered under the vision plans of both parents, the "birthday" rule applies. Federal Employees Group Life Insurance (FEGLI) Eligible employees are entitled to coverage under the Federal Employees Group Life Insurance Program (FEGLI), unless excluded from coverage by law or regulation. This program offers basic and optional coverage for employees and optional coverage for eligible dependents. FDIC Choice Flexible Benefits Plan In addition to the federal insurance benefits described above, FDIC offers a flexible cafeteria benefits program called FDIC Choice. It includes the six benefits programs below:
FDIC Dental Insurance
FDIC Vision Insurance
FDIC Life Insurance
FDIC Long-Term Disability (Not available to employees on
temporary or term appointments)
FDIC Health Care Flexible Spending Account
FDIC Dependent Care Flexible Spending Accounts FDIC Parking Flexible Spending Account Program The Parking Flexible Spending Account (FSA) Program allows eligible employees to have money deducted from bi-weekly pay on a pre-tax basis to cover qualified parking expenses, up to the maximum amount specified by the Internal Revenue Service. "Qualified parking expenses" are the costs that an eligible employee incurs for parking on or near the premises of an FDIC agency office relative to the daily commute to work. As employees pay for qualified expenses, they may submit a claim for reimbursement from funds that have accumulated in their Parking FSA. Only employees located in offices where FDIC does not offer free parking, and where free parking is not otherwise available in the immediate vicinity of their office, are eligible to participate in the FDIC Parking FSA. An employee located in an office where free parking is assigned and accepted is not eligible to enroll in the Parking FSA. An employee who currently utilizes transit subsidy benefits also is not eligible to enroll in the Parking FSA. FDIC employees are covered by one of the Federal retirement systems and/or Social Security. The type of appointment and employment history of prior Federal Service determines retirement coverage. The Federal Employees Retirement System (FERS) and the Civil Service Retirement System (CSRS) provide a monthly benefit to retirees who have met the eligibility requirements for retirement. The amount of the annuity benefit is computed using a formula based on two factors: length of Federal service and average salary computed over the highest three years of consecutive service. The CSRS is a defined benefit plan. FERS is a defined contribution plan where the FERS annuity is supplemented by Social Security and the Thrift Savings Plan to provide a complete retirement benefit. Federal Thrift Savings Plan
FDIC Savings Plan NOTE: Qualified FDIC employees may participate in both the Federal Thrift Savings Plan and/or the FDIC Savings Plan, up to the Internal Revenue Code limitations established for salary deferral and annual additions. WorkLife
Alternative Work Schedule
Telework Information and Referral and Employee Assistance Services FDIC Offers WorkLife Connections, a confidential information resource and referral service provided at no cost to FDIC employees. Services are available 24 hours a day, 365 days a year. Employees and their families have instant access to a variety of interactive tools, workshops, and resources that can help make life a little easier. Additionally, through this program, FDIC employees and family members are entitled to up to 6 free counseling sessions per individual, per issue, per year.
Holidays and Leave
Holidays
Annual Leave (Vacation Time)
Sick Leave
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Last Updated 03/11/2016 | careers@fdic.gov |