Contribute to things that matter and get all the great benefits that go along with working for the Cleveland Fed
The Federal Reserve Bank of Cleveland offers a competitive base salary, a comprehensive benefits package, work-life balance benefits, development opportunities, and other programs designed to protect your health, enhance your financial security, and contribute to your engagement and overall well-being.
Great benefits and health care is reasonable priced.
Recently, Parental Leave has been added to the benefits package. In the event that you or your spouse have a baby, you will be entitled to a period of fully paid time off. Currently, this benefit is 4 weeks paid time off. This additional time off can be used anytime within 12 months. This is significant as you do not need to utilize the time off all at once ( family / friend help with childcare tends to dissipate after the first few weeks). To clarify previous posts, the Bank contributes 7% of your salary (6% match, +1% ) into the 401k style "Thrift Plan". This is in addition and complementary to the defined benefit plan (aka Pension).
Excellent benefits package that includes low cost quality health coverage, a 401k that matches up to 6%, a good Pension plan, and vacation time . No negatives.
Great benefits and coverage. 3 weeks vacation depending on your position.
The benefit package offered by the Bank is truly best in class. Health care benefits costs are extremely competitive and they offer a pension after 5 years of service with retiree medical coverage after 10 years of service.
The Federal Reserve of Cleveland has one of the most comprehensive benefits packages of any company I have worked for. The insurance is offered at multiple tiers, but the highest (and most expensive) tier offers coverage with co-pays but no deductibles or co-insurance and only minimal costs associated with most hospital visits. Vision coverages includes new lenses every year, but frames every other year (but a generous allotment for glasses/contacts). In addition the Fed offers both a 401k and a Pension (both require five years for vesting). The 401k receives an automatic 1% from the Fed and 100% matching up to 6%. I was exceptionally pleased to learn about these as I have a family with young kids and medical costs can get quite expensive. The Fed also offers commuter perks, to include pre-tax paid monthly parking passes, bus/metro fair, ride-sharing cost savings and even the potential to work at home for some employees.
Excellent health insurance. Matching 401-k plus 1%. Pension with a portable cash option. Vacation time that increase proportionately.
The health care package was bar none. I would work on the year end bonus compensation package to reflect the overall profitability of the bank.
Good health care coverage, great retirement and pension benefit plan
Nobody offers defined-benefit pensions anymore. FRB-Cleveland does
List based on reports from current and former employees. It may not be complete.