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Employee Benefits

The Federal Reserve Bank of St. Louis ensures that employees feel appreciated, rewarded and prepared for the future. That’s why we offer 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: We offer 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: 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.
  • Ongoing Development: We help employees develop their competencies, skills and knowledge. Resources include a mentoring program, professional development seminars and in-house training.

Additional Optional Benefits

  • The Bank 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.
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