DENTAL. FREE comprehensive dental coverage to employees and their family members. There is a $2,500 annual maximum per employee and a separate orthodontic benefit for dependent children to age 19. (Annual deductibles apply.)
VISION. FREE vision care coverage. This benefit covers the employee and all eligible dependents. (Co-pay applies.) Coverage includes reimbursement according to a fee schedule for eye examinations, frames and contact lenses once every 12 months.
TRANSPORTATION. 100% cost of your public transportation commuting expenses (e.g., vanpool, metro bus, metro train). The first $230 tax-free and up to $90 per month to cover the cost of parking at Metro operated lots.
LIFECYCLE PROGRAM. FHFA's Life Cycle Program provides a taxable distribution each fiscal year for various health and wellness related expenses. This benefit is based on your employment status on October 1st of each fiscal year.
HEALTH INSURANCE. .A variety of Federal Employee Health Benefit plans to choose from which can be paid from pre-tax income. FHFA pays 90% of the bi-weekly premium.
RETIREMENT. The Federal Employee Retirement System (FERS) is a three-tiered program consisting of: Basic Benefit (a retirement pension) Social Security, and the Thrift Savings Plan (see below). Current CSRS employees will remain under that retirement system.
RETIREMENT SAVINGS.. The Thrift Savings Plan (TSP) is a retirement savings and investment plan for Federal employees and offers the same type of savings and tax benefits provided under 401(k) plans. A FERS employee can contribute up to $17,500 per year. The agency will match contributions up to the first 5 percent. A CSRS employee, you can contribute up to $17,500 per year. CSRS employees do not receive any agency contributions. Employees age 50 or older as of December 31, 2013 may contribute an additional $5,500 for catch-up contribution per year.
401K PLAN. In addition to the Thrift Savings Plan (TSP), the FHFA implemented an additional retirement savings plan that is administered by T. Rowe Price. Employees contributing at least 3% to the TSP may participate in the agency 401(k) plan. 401(k) plan participants may contribute up to 10% of their salary on a pre-tax basis, with agency matching contributions of up to 3 percent.
LEAVE. The Federal leave program offers exceptional time-off benefits, including annual leave, sick leave, Family Friendly Leave, Family Medical Leave, and ten (10) paid holidays per year.
LIFE INSURANCE. The Federal Employee Group Life Insurance offers numerous life insurance policy options covering employees and dependents.
COUNSELING SERVICES. The Employee Assistance Program provides free confidential counseling and referral services to you and your family members.
TRAINING. Career development and enrichment training is available in job-related areas.
FITNESS. Free use of an on-site fitness facility which includes a locker room with showers.