Federal Reserve Bank of Chicago Employee Benefits and Perks | Glassdoor

Employee Benefit Reviews

Showing 21–30 of 33 comments

Most Commented

  • 401K Plan  (7 comments)

    “The company would match upto 6% of your pay. To be fully vested, you have to stay at least 5 yrs.”

  • Health Insurance  (7 comments)

    “The company pays around 80% of the premium. I had an interview with BCBS and they don't have as good as what the Fed has right now.”

  • Vacation & Paid Time Off  (4 comments)

    “You get 120hrs of vacation a year + Federal holidays (Martin Lurther King day, President's day etc..), 6 weeks paid parental leave, FMLA”

  • May 17, 2016
    StarStarStarStarStar Current Associate Analyst in Chicago, Illinois

    One of the few companies to have both a 401(k) and a pension plan. The 401(k) is matched up to 6% plus they give you a free 1%. So I put in 6% and get a total of 13%. I started with 13 vacation days, which is pretty average. Insurance is exceptional and pretty cheap. The only downside is the paternity leave is only 2 weeks for fathers. Hopefully the Fed will get with the picture soon and update that one.

  • Mar 09, 2016
    StarStarStarStarStar Former Senior Project Manager in Chicago, Illinois

    Overall great benefits with the exception of the maternity leave. There is no maternity leave. Women have to take their vacation time and then disability. If your infant gets sick the first year and you used all you time, well then..... your in a bad situation.

  • Jan 05, 2016
    StarStarStarStarStar Former Employee in Chicago, Illinois

    Benefits at the Fed are awesome. Truly, the don't compare to other organizations-one of the best things the Fed has going. Maternity/Paternity leave is however, far from competitive with the marketplace. It took them until 2015 to issue two weeks of paid leave. Two weeks is not doing anyone any favors. Employees are required to use their vacation, personal and sick time to supplement. If they don't have enough time, they go unpaid.

  • Nov 21, 2015
    StarStarStarStarStar Former Intern in Chicago, Illinois

    Interns get little to no benefits but I believe regular employees have a much more lucrative compensation package.

  • Oct 28, 2015
    StarStarStarStarStar Former Senior Adminstrative Assistant in Chicago, Illinois

    The medical, dental, eye care and medication plans are all very good and affordable.

  • Sep 06, 2015
    StarStarStarStarStar Former Senior Business Analyst in Chicago, Illinois

    Not enough options for choice of healthcare insurance, and somewhat pricey for a family

  • Sep 16, 2015
    StarStarStarStarStar Current Employee in Chicago, Illinois

    Great benefits, affordable and generous

  • Jul 12, 2015
    StarStarStarStarStar Former Employee in Chicago, Illinois

    The organization offers great benefits. While there is no bonus or profit sharing program, the health care and pension programs are top rate. Few firms today offer both a defined pension plan along with a defined contribution plan (401K).

  • Jan 23, 2015
    StarStarStarStarStar Current Senior BA in Chicago, Illinois

    Tuition reimbursement us an amazing benefit

  • Jan 23, 2015
    StarStarStarStarStar Current senior ba in Chicago, Illinois

    Tuition reimbursement is an amazing benefit

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