Additional Benefits at the Atlanta Fed
In addition to benefits offered to all employees of the Federal Reserve System , Atlanta Fed employees have benefits specific to our District. These include:
Atlanta Fed staff can participate in one of four medical plans and one of three dental plans. Eligibility begins the first of the month following date of hire. All medical plan premium deductions are taken on a pretax basis. Bank staff can contribute to a flexible spending account. Accounts use pretax dollars to pay for expenses like child care, medical/dental deductibles and copayments, and eligible health, dental, and vision expenses not otherwise covered under health or dental benefits plans.
Bank staff can contribute to a flexible spending account. Accounts use pretax dollars to pay for expenses like child care, medical/dental deductibles and copayments, and eligible health, dental, and vision expenses not otherwise covered under health or dental benefits plans.
The Bank's Adoption Assistance Plan will reimburse employees up to a maximum of $5,000 for certain expenses incurred in conjunction with the adoption of a child. All regular full-time employees who have completed one year of service are eligible for this benefit.
Domestic Partner Coverage
Qualified domestic partners are covered under medical, dental, and vision insurance; personal accident and group life insurance; and family, medical, and bereavement leave. To qualify for this benefit, employees must complete a declaration of domestic partnership.
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Paid Time Off (PTO)
The program covers compensated time off that is in addition to time afforded for bereavement, military duty, jury duty, holidays, and extended absences due to illness.
Nonexempt staff earn one and a half days per month up to a maximum of 17 days their first year of service. Exempt staff earn two days per month up to a maximum of 20 days their first year of service. PTO may not be taken until it is earned.
The Bank provides reimbursement to employees for approved educational expenses. The benefit pays for individual classes, certificate programs, and undergraduate or graduate degree programs when a C or higher grade is earned. Classes must be held at accredited institutions during nonworking hours.
Free parking is available in the Bank garage for all officers and other employees on a seniority basis. On evening and weekends, parking is available to all employees on a first-come, first-served basis.
For those employees using mass transportation to commute to work, the Bank offers a subsidy program that pays 100 percent of an employee's mass transit cost up to the IRS’s allowable maximum of $120.
Wellness programs/fitness center
Wellness programs are available onsite on at the Bank. The Atlanta office has a very well-appointed gym where fitness classes are offered.
The Bank subsidizes a significant portion of cafeteria operating costs. Food options are available at what is generally a lower cost compared with options outside of the Bank.
Employee Assistance Program (EAP)
EAP is administered by a party not affiliated with the Bank and is available to all employees and their household members. Any use of the service is strictly confidential and is prepaid by the Bank. Support is provided for, as examples, challenges with domestic, emotional, or financial hardship or issues with chemical dependency.