Work for the Fed

Employees are the most valuable asset of any institution. At the Federal Reserve Bank of San Francisco, we offer one of the most progressive and generous benefits packages in the country. Our benefits are designed to enhance our employees’ well-being, support their needs, and achieve their goals. We generously match employee retirement contributions, have flexible time off, and offer many others benefits including pre-tax commuting, health and wellness programs, tuition reimbursement, a state-of-the-art gym and a host of employee assistance programs.

The Federal Reserve Bank of San Francisco is committed to providing a total rewards package that supports and reflects the diversity of our employees and their family members including their spouse (whether opposite or same sex), domestic partner and their children.

Additionally, we are committed to our community and the environment and participate in socially responsible initiatives, educational programs and community outreach activities.

Comprehensive Medical Benefits

Employee Coverage
(Paid by the Bank)
Dependents Coverage
(Paid by the Bank)
Medical Coverage – (HMO, PPO, Premier PPO plan choices) Up to 90% Up to 80%
Dental Insurance – (HMO, PPO, Premier PPO plan choices) Up to 80% Up to 80%
Vision Plan Up to 80% Up to 80%
Business Travel Accident Insurance 100%
Defined Pension Plan – (and Survivor Benefits) 100%
401K/Thrift Plan Automatic 1% contribution and match up to the first 6% (7% for employees with 5+ years of service)
Post-Retirement Medical Benefit Subsidized
Basic Life Insurance – (1st $50,000 of coverage is tax free to employee) 100%
Short and Long Term Disability Insurance 100%
Employee Coverage
(Paid by the Bank)
Dependents Coverage
(Paid by the Bank)
Medical Coverage – (HMO, PPO, Premier PPO plan choices) Up to 90% Up to 80%
Dental Insurance – (HMO, PPO, Premier PPO plan choices) Up to 80% Up to 80%
Vision Plan Up to 80% Up to 80%
Business Travel Accident Insurance 100%
Defined Pension Plan – (and Survivor Benefits) 100%
401K/Thrift Plan Automatic 1% contribution and match up to the first 6% (7% for employees with 5+ years of service)
Post-Retirement Medical Benefit Subsidized
Basic Life Insurance – (1st $50,000 of coverage is tax free to employee) 100%
Short and Long Term Disability Insurance 100%
  • Long-Term Care Insurance
  • Flexible Spending Accounts (Medical Reimbursement and Dependent Care)
  • Personal Accident Insurance
  • Group Universal Life Insurance
  • Group Legal Insurance
  • Auto Insurance
  • Home and Renters Insurance

Compensation*

  • Competitive Base Salary
  • Annual Pay for Performance Program (Merit)
  • Performance Incentive Programs
  • Spot Awards
  • Supplemental Travel Pay
  • Cash Awards

Wellness Programs

  • Annual Biometric Screening
  • Health Risk Assessments
  • Annual Wellness Program
  • On-Site Flu Vaccinations
  • Health and Wellness Fairs
  • Healthy Cooking Demonstrations
  • Health Coaching Programs
  • Smart Choices Wellness Programs
  • Weight Watchers On-Site

Commuter Benefits

Monthly Transit Subsidy
  • $65 per month
Monthly Bicycle Subsidy
  • $20 per month
Monthly Transit Subsidy
  • $65 per month
Monthly Bicycle Subsidy
  • $20 per month

Time Off Benefits

Vacation
  • Minimum two weeks of vacation with additional weeks based on salary grade and years of service
Personal Holiday
  • Two days per calendar year
Bank Paid Holidays
  • Ten (10) days per calendar year
Buy and Sell Vacation Time
  • Eligible employees can purchase up to an additional week of time off (funded through pay-roll deductions)
    Eligible Employees can sell up to two weeks of vacation
Bereavement Leave Benefits
Sick Leave
Parental Leave
Military Leave
Vacation
  • Minimum two weeks of vacation with additional weeks based on salary grade and years of service
Personal Holiday
  • Two days per calendar year
Bank Paid Holidays
  • Ten (10) days per calendar year
Buy and Sell Vacation Time
  • Eligible employees can purchase up to an additional week of time off (funded through pay-roll deductions)
    Eligible Employees can sell up to two weeks of vacation
Bereavement Leave Benefits
Sick Leave
Parental Leave
Military Leave

Success @ the Fed

Tuition Assistance Program
  • Up to $15,000 per year for Graduate Studies

Professional Coaching and Counseling
On-Site Training Classes – (Instructor-lead and virtual training)
Nuts and Bolts of the Federal Reserve
  • Comprehensive introduction to work at the Federal Reserve Bank of San Francisco
Activities/events to support on-boarding during the first year of employment
  • New Hire Mixers
    New Employee Training Series
Mentorship Program
  • Creates a voluntary learning environment through stronger staff relations developed from one-on-one mentoring
People Management Training
  • Learn techniques to be a more effective People Manager
Lunch & Learn Educational Series
  • Learn from internal industry experts on hot topics including the economy, industry trends, legislative actions, etc.
Research Library
  • The Bank’s Research Library includes access to a digital library of premium digital content, newspapers, periodicals, and books on the economy plus a physical space to study and work.
On-site Education Fairs Leadership Exchange
Leadership Exchange
  • Selected employees gain experience at other Federal Reserve System Banks or the Board of Governors.
Tuition Assistance Program
  • Up to $15,000 per year for Graduate Studies

Professional Coaching and Counseling
On-Site Training Classes – (Instructor-lead and virtual training)
Nuts and Bolts of the Federal Reserve
  • Comprehensive introduction to work at the Federal Reserve Bank of San Francisco
Activities/events to support on-boarding during the first year of employment
  • New Hire Mixers
    New Employee Training Series
Mentorship Program
  • Creates a voluntary learning environment through stronger staff relations developed from one-on-one mentoring
People Management Training
  • Learn techniques to be a more effective People Manager
Lunch & Learn Educational Series
  • Learn from internal industry experts on hot topics including the economy, industry trends, legislative actions, etc.
Research Library
  • The Bank’s Research Library includes access to a digital library of premium digital content, newspapers, periodicals, and books on the economy plus a physical space to study and work.
On-site Education Fairs Leadership Exchange
Leadership Exchange
  • Selected employees gain experience at other Federal Reserve System Banks or the Board of Governors.

Life @ Work

On-Site Fitness Centers
  • San Francisco, Los Angeles, Salt Lake City, Seattle and Phoenix
Employee Game Room and Lounge
  • San Francisco
Subsidized Cafeteria
  • San Francisco & Los Angeles
Cafeteria Subsidy
  • Portland, Salt Lake City, Seattle, and Phoenix
Check Cashing Services
  • San Francisco Only
Diversity and Inclusion
  • The Bank’s Diversity Council sponsors diversity events including speaker series, community based events, movie nights, etc.
Employee Resource Groups
  • Employee Resource/Affinity groups are made up of employees with common interests, e.g., book and movie clubs, GLBT, Sports and Fitness, etc.
On-Site Fitness Centers
  • San Francisco, Los Angeles, Salt Lake City, Seattle and Phoenix
Employee Game Room and Lounge
  • San Francisco
Subsidized Cafeteria
  • San Francisco & Los Angeles
Cafeteria Subsidy
  • Portland, Salt Lake City, Seattle, and Phoenix
Check Cashing Services
  • San Francisco Only
Diversity and Inclusion
  • The Bank’s Diversity Council sponsors diversity events including speaker series, community based events, movie nights, etc.
Employee Resource Groups
  • Employee Resource/Affinity groups are made up of employees with common interests, e.g., book and movie clubs, GLBT, Sports and Fitness, etc.

Work Life Solutions

Employee Assistance Program
  • Available to employees and their family members.
Flexible Work Schedules*
Telecommuting or Remote Work Arrangements*
Dependent Care Programs (Adult and Children)
  • Back up care programs
    Backup dependent CareVouchers
    Day Care Flexible Spending Accounts
    Adult in-home care
Employee Assistance Program
  • Available to employees and their family members.
Flexible Work Schedules*
Telecommuting or Remote Work Arrangements*
Dependent Care Programs (Adult and Children)
  • Back up care programs
    Backup dependent CareVouchers
    Day Care Flexible Spending Accounts
    Adult in-home care

Recognition

Legacy Awards
  • Celebrating individual and team accomplishments that significantly advance the Bank’s mission. Categories include Service, Leadership or Innovation.
Service Anniversary Awards
  • Recognizes and celebrates employee’s milestone anniversaries.
Peer Recognition Program – P4P “Points 4 Performance”
  • Program that allows employees to recognize peers. Points can be redeemed for merchandise.
Employee Appreciation Week
Legacy Awards
  • Celebrating individual and team accomplishments that significantly advance the Bank’s mission. Categories include Service, Leadership or Innovation.
Service Anniversary Awards
  • Recognizes and celebrates employee’s milestone anniversaries.
Peer Recognition Program – P4P “Points 4 Performance”
  • Program that allows employees to recognize peers. Points can be redeemed for merchandise.
Employee Appreciation Week

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* May be determined based on bank/management discretion and may not be available to all employees.