Employee Benefits at
Federal Reserve Bank of St. Louis
At the St. Louis Fed, we want to ensure that you feel rewarded, appreciated, financially protected and prepared for the future. That's why we offer a carefully planned and comprehensive benefits package that reflects your needs—and those of your family—with an emphasis on flexibility, convenience and choice. Highlights include:
Medical Coverage: As a Fed employee, you can choose from a variety of health plans to meet your needs. Your health care coverage includes domestic partner benefits.
Dental Insurance: Coverage options include preventive, basic, major and orthodontic services available through your choice of Health Maintenance Organization (HMO) and Preferred Provider Organization (PPO) plans.
Vision Services Plan: You can take advantage of an economical supplemental vision plan.
Thrift Plan (401k): It's never too early or too late to begin saving for retirement or other major expenses. Our Thrift Plan gives you an opportunity to contribute to both a savings and a deferred compensation account. You'll receive an automatic contribution from the Fed, equal to 1 percent of your salary. Better yet, the Fed will match your contributions dollar for dollar, up to 6 percent.
Retirement Plan: To augment your Thrift Plan savings and Social Security benefits, the Bank provides a monthly pension based on final salary, years of service and age. No employee contribution is required, and you will be 100 percent vested in the program after five years of service.
Educational Assistance: The Fed reimburses 100 percent of tuition, book and course fees (up to an annual maximum) for full-time employees enrolled in an approved degree program. Part-time employees are reimbursed at 50 percent.
Career Development: Resources are provided to help employees develop their competencies, skills and knowledge from the mentoring program to professional development seminars and a host of in-house training courses.
Paid Time Off: The Fed offers generous paid time off that includes holidays, vacation, sick leave and personal days.
Life Insurance: You are covered by an employer-paid life insurance benefit that provides financial protection for your family. You may also purchase additional coverage with our group universal life insurance plan.
Flexible Spending Accounts: Employees can set aside pre-tax dollars for eligible medical and dependent care expenses.
Adoption Assistance: Family matters at the St. Louis Fed. We offer a reimbursement for qualified adoption expenses.
Flexible Work Practices: For some departments and positions, flexible scheduling, telecommuting and remote work arrangements are available options.
Additional optional benefits include:
- long-term care and disability insurance,
- personal accident insurance,
- auto, home and legal insurance,
- employee assistance program, and
- emergency back-up care for dependents.
The Federal Reserve Bank of St. Louis is fully invested in you.