FDIC Benefits Overview
The FDIC offers a wide range of benefits programs to employees and their eligible dependents, based on the employee’s appointment type. Please refer to your Official Employment Offer letter to identify the type of appointment you have been hired under, and to clarify the benefits programs in which you are eligible for. If you need assistance or have any questions about your appointment type, please contact your onboarding Human Resources Specialist, whose contact information is provided in your Official Employment Offer letter. In addition to the health and retirement benefits, the FDIC offers a variety of programs and services to help support employee’s work-life balance, career management, and professional development – some of which are also extended to employees’ family members and loved ones. More information about all of these benefits will be provided during the New Employee Orientation.
Guidelines for Pay, Annual Leave, and Sick Leave
Pay and Pay Periods
The FDIC’s compensation table and pay setting practices can be found by visiting “Employee Benefits”. If you have been offered a position at the FDIC, your annual salary is included in your official offer letter. The USDA’s National Finance Center provides FDIC with payroll services. Your salary will be paid by direct deposit every two weeks (bi-weekly). Access the current year’s pay period calendar.
Annual and Sick Leave
Employees of the Federal government are entitled to both annual and sick leave. Bi-weekly accruals of annual and sick leave are based on the individual’s tenure in Federal service and employment type (full-time vs. part-time). Please refer to the chart below for more information on annual leave accrual.
Employee Type | Less than 3 years of service | 3 or more years but less than 15 years of service | 15 or more years of service |
---|---|---|---|
Full-time employees | 4 hours of annual leave each pay period | 6 hours of annual leave each pay period | 8 hours of annual leave each pay period |
Part-time employees | 1 hour of annual leave for every 20 hours worked in a pay period | 1 hour of annual leave for every 13 hours worked in a pay period | 1 hour of annual leave for every 10 hours worked in a pay period |
Select the applicable appointment category:
- Career/Permanent Appointment
- Term or Temporary Appointment of Greater Than One Year
- Temporary Appointment of One Year
- Temporary Appointment of Less than One Year
- Federal Benefits Program Brochures & Plan Information
Career/Permanent Appointment
Employees hired under Career or Permanent appointments are eligible for the full-range of Federal and FDIC Choice benefits programs. Please see the list of available benefits programs listed below. For additional information, you can visit the FDIC Benefit Detail webpage. A Benefits Briefing is included during the orientation session, where a Human Resources Specialist will discuss the programs in greater detail and respond to any questions you may have.
Federal Benefits Programs:
- Federal Employees’ Health Benefits (FEHB)
- Federal Employees’ Dental and Vision Program (FEDVIP)
- Federal Employee’s Group Life Insurance (FEGLI)
- Federal Long-Term Care Insurance
- Federal Thrift Savings Plan (TSP)
FDIC Benefits Programs:
- FDIC Choice Dental Insurance Program
- FDIC Choice Vision Insurance Program
- FDIC Choice Life Insurance Program
- FDIC Choice Long-Term Disability Insurance Program
- FDIC Choice Health Care & Dependent Care Flexible Spending Account
- FDIC Savings Plan (401k)
- FDIC Transit Subsidy Program
- FDIC Parking Flexible Spending Accounts
- Domestic Partner Program
Term or Temporary Appointment (Greater than One Year)
Employees hired under Term or Temporary appointments for greater than one year are eligible for the benefits programs listed below. For additional information, you can visit the FDIC Benefit Detail webpage. A Benefits Briefing is included during the orientation session, where a Human Resources Specialist will discuss the programs in greater detail and respond to any questions you may have.
Federal Benefits Programs:
- Federal Employees’ Health Benefits (FEHB)
- Federal Employees’ Dental and Vision Program (FEDVIP)
- Federal Employee’s Group Life Insurance (FEGLI)
- Federal Long-Term Care Insurance
- Federal Thrift Savings Plan (TSP)
FDIC Benefits Programs:
- FDIC Choice Dental Insurance Program
- FDIC Choice Vision Insurance Program
- FDIC Choice Life Insurance Program
- FDIC Choice Long-Term Disability Insurance Program
- FDIC Choice Health Care & Dependent Care Flexible Spending Account
- FDIC Savings Plan (401k)
- FDIC Transit Subsidy Program
- FDIC Parking Flexible Spending Accounts
- Domestic Partner Program
Temporary Appointment of One Year
Employees hired under Temporary appointments for one year are eligible for the benefits programs listed below. For additional information, you can visit the FDIC Benefit Detail webpage. A Benefits Briefing is included during the orientation session, where a Human Resources Specialist will discuss the programs in greater detail and respond to any questions you may have.
Federal Benefits Programs:
- Federal Employees’ Health Benefits (FEHB)
FDIC Benefits Programs:
- FDIC Choice Dental Insurance Program
- FDIC Choice Vision Insurance Program
- FDIC Choice Life Insurance Program
- FDIC Choice Health Care & Dependent Care Flexible Spending Account
- FDIC Savings Plan (401k)
- FDIC Transit Subsidy Program
- FDIC Parking Flexible Spending Accounts
Temporary Appointment of Less than One Year
Employees hired under Temporary appointments for less than one year are eligible for the benefits programs listed below. For additional information, you can visit the FDIC Benefit Details webpage. A Benefits Briefing is included during the orientation session, where a Human Resources Specialist will discuss the programs in greater detail and respond to any questions you may have.
Federal Benefits Programs:
- Federal Employees’ Health Benefits (FEHB)
FDIC Benefits Programs:
- FDIC Choice Health Care & Dependent Care Flexible Spending Account
- FDIC Savings Plan (401k)
- FDIC Transit Subsidy Program
- FDIC Parking Flexible Spending Accounts
** Please note: Enrollment information for Federal Benefits and FDIC Benefits will be presented during the New Employee Orientation session. If you are transferring from another Federal agency, your Flexible Spending Account (FSA) balance will not transfer over to the FDIC and should be used prior to leaving your current agency. **
Federal Benefits Program Brochures & Plan Information
Federal Benefits Programs: