Work for Us: Benefits

The Federal Reserve Bank of San Francisco believes its most valuable asset is its workforce. We make a significant investment in our employees so they can stay healthy, save for long term financial goals and manage life/work demands.

Benefits at a Glance (pdf, 598 kb)

Your Health

Health Insurance: As a Fed employee, you have the opportunity to choose from a variety of health plans to meet your needs. We offer several options, including: Preferred Provider Organization (PPO) plans, Health Maintenance Organization (HMO) plans and Exclusive Provider Organization (EPO) plans.

Dental Insurance: Coverage options include preventive, basic, major and orthodontic services.

Vision Services Plan: Coverage includes exams, lenses and frames or contacts every calendar year.

Life Insurance: Your family is protected through an employer-paid life insurance benefit.

Other Insurance: Accident, Short- and Long-Term Disability, Pet, Home, Auto, Legal.

Your Wealth

Thrift Plan: Our Thrift Plan 401(k) 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%.

Retirement Plan: To augment employees’ Thrift Plan savings and Social Security benefits, the Bank provides a monthly pension based on final salary, years of service and age. This pension plan is fully paid by the Bank and does not require employee contribution.

Financial Services: The Bank provides access to free financial assistance and planning services to its employees.

U.S. Savings Bond Program

Your Benefit

Vacation and Holidays: The Bank provides at least two to three weeks of paid vacation to all full-time employees. Additionally, employees receive 10 paid holidays each year.

Employee Assistance Program: The Bank provides 24/7 access for employees and their dependents to a confidential counseling and referral service that can assist with a wide variety of work/life issues.

Educational Assistance: The Bank reimburses tuition, book and course fees (up to an annual maximum) for employees enrolled in an approved degree program.

Flexible Work Arrangements: To help balance work, family, and personal needs the Fed offers compressed work schedules and flextime.*

Fitness Center: Stay fit using our in-house fitness center.

* Because of the nature of the duties of some positions, not all employees may be eligible to take advantage of this benefit.