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New Employees

Employee Benefits Programs

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 TypeLess than 3 years of service3 or more years but less than 15 years of service15 or more years of service
  Full-time employees4 hours of annual leave each pay period6 hours of annual leave each pay period8 hours of annual leave each pay period
  Part-time employees1 hour of annual leave for every 20 hours worked in a pay period1 hour of annual leave for every 13 hours worked in a pay period1 hour of annual leave for every 10 hours worked in a pay period


 

Select the applicable appointment category:

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:

Last Updated: June 3, 2020