Employee Benefits
The St. Louis Fed ensures that employees feel appreciated, rewarded and prepared for the future. That's why the Bank offers a carefully planned and comprehensive benefits package that reflects employees’ needs—and those of their family—with an emphasis on flexibility, convenience and choice.
Work-Life Benefits
- Paid Time Off: The Bank offers paid time off that includes holidays, vacation and sick leave.
- Flexible Spending Accounts: Employees can set aside pretax dollars for eligible medical and dependent-care expenses.
- Adoption Assistance: The Bank offers some aid for qualified adoption expenses.
- Hybrid Work Policy: Effective Jan. 1, 2024, most employees are expected to be on-site at least three days each week. On-site is defined as working in one of the Federal Reserve Bank of St. Louis’ buildings (the St. Louis headquarters and/or branch offices in Louisville, Ky.; Memphis, Tenn.; and Little Rock, Ark.).
- Parental Leave: Parental leave is available to birth mothers, fathers, domestic partners, single parents and adoptive parents.
Health Insurance
- Medical Coverage: Bank employees can choose from a variety of health plans to meet their needs. Healthcare coverage includes domestic partner benefits.
- Dental Insurance: Coverage includes options through a choice of plans.
- Life Insurance: Employees are covered by a life insurance benefit that provides financial protection for family members. Employees may also purchase additional coverage.
Retirement
- Thrift Plan (401k): It's never too early or too late to begin saving for retirement or other major expenses. The Thrift Plan provides an opportunity to contribute to both a savings and a deferred compensation account with full vesting after five years of service.
- Retirement Plan: Employees are able to participate in the Bank’s retirement plan with full vesting after five years.
Career Development
- Educational Assistance: The Bank offers assistance to employees enrolled in an approved degree program.
- Career Development: The Bank helps employees develop their competencies, skills and knowledge. Resources include a mentoring program, professional development seminars and in-house training.
Additional Optional Benefits
- The Bank also provides employees the option of purchasing other benefits, including emergency back-up care for employees’ dependents, as well as disability, auto, home and legal insurance.
- The Bank offers an employee assistance program.
![Best Place to Work](/-/media/project/frbstl/stlouisfed/images/careers/awards/equality_index_award_2.jpg?w=280&hash=00A8093CD10C8D2258A55C48AE963BED)
The St. Louis Fed has earned a perfect score of 100 in the Human Rights Campaign’s Corporate Equality Index, known as the national benchmarking tool on corporate policies and practices pertinent to LGBTQ employees.
![Eldar](/-/media/project/frbstl/stlouisfed/images/careers/teammembers/eldar.png?w=280&hash=079B813F94E32A194B17536836351151)
Wonder who works at the Federal Reserve Bank of St. Louis? Our employees bring diverse experiences and viewpoints. Jobs range from bank examiners to graphic designers, ITS professionals to economists.
![](/-/media/project/frbstl/stlouisfed/images/careers/imagegalleries/diversity/humanprideflaggroup-460x307.jpg?sc_lang=en&w=280&hash=DC88A70C70ADFC91F69AEE19C1BEAA12)
Diversity isn’t just talked about at the Federal Reserve Bank of St. Louis; it’s practiced in every area of our organization. We believe that our differences are what make us stronger.