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Employee Benefits Programs

Last Updated: June 3, 2020

FDIC Benefits Overview

The FDIC offers you and your eligible dependents a wide range of benefits programs based on the nature of your appointment. To ensure that you are provided the appropriate benefits information and required forms, please refer to the Official Employment Offer letter you received from your Human Resources Specialist to identify the appointment under which you have been selected for. If you need assistance in identifying your hiring appointment, please contact the Human Resources Specialist listed in your Official Employment Offer or the Career Management Program at CMPHQ@fdic.gov. In addition to your appointment-specific benefits, the FDIC offers flexible work-life balance programs and professional development services. Please print the completed forms and bring them with you to your first day with the FDIC.

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

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: