The Boston Fed has very comprehensive compensation and benefits offerings, allowing us to focus on work-life balance while supporting the Bank’s primary focus - Public Service That Makes a Difference®.
Health & Wellness
In addition to great healthcare, dental, prescription, and vision coverage, the Boston Fed offers a comprehensive Employee Assistance Program (EAP), health and dependent care flexible spending accounts. These benefits are available to employees, their qualified families, and domestic partners. The Boston Fed also has an onsite, state-of-the-art fitness facility, offers season flu shots, and wellness screenings.
Financial Benefits & Retirement
We offer generous retirement packages and other services to help you save and plan your life after work. The Boston Fed offerings include the Thrift 401(k) plan with employer matching contributions, and an Employer funded pension plan. Financial and retirement education and planning services are also available to employees at no cost.
We offer competitive base pay and as you be eligible for additional forms of compensation for a job well done. These may include merit-based increases, incentive payments and cash awards.
We offer parking and transit commuter flexible spending accounts and provide a public transit subsidy for our employees to help defray the cost of getting to work.
To ensure you’ll have time off to relax and care for yourself and your family, we offer comprehensive time off including paid vacation, paid Bank holidays (11), floating holidays, parental leave, family leave, and paid sick time.
To help you learn new skills and manage your career, we offer access to a wide array of Federal Reserve coursework, training programs offered by top industry-leading firms, and tuition reimbursement program for part-time undergraduate and graduate courses.
Insurance and Personal Protection
The Boston Fed wants to ensure that employees, and their dependents, can support our mission without worrying if they are protected. To support this, the Bank provides employer paid group universal life insurance, business travel accident insurance, long term disability insurance and an identity theft protection. Additional optional plans offered to Bank employees include, personal accident insurance, supplemental life insurance and a group legal services plan.