Benefits

The Federal Reserve Bank of New York offers a comprehensive benefits package. Our health, financial and lifestyle benefits are competitive with those of top employers across the country.
Financial

The Federal Reserve Bank of New York provides employees with financial benefits that include retirement plans, travel and life insurance policies, transportation assistance and more.

Thrift Plan
A 401(k) pre-tax and after-tax savings plan and Roth 401(k) plan are supplemented with the Bank’s highly competitive matching contributions.

Retirement Plan
A traditional monthly pension plan is fully paid by the Bank. The plan’s lump-sum payment feature gives you greater flexibility in managing your long-term savings at all stages of your career.

Commutation Reimbursement
All employees who regularly use mass transit to commute to work are eligible to participate in the Commutation Assistance Program, which provides a monthly subsidy to offset a portion of your actual expenses.

Financial Planning
Seminars, educational resources and access to personal financial planners are provided to support your goals—at no cost to you.

529 College Savings
Access to plans such as New York's College Savings Program and New Jersey Saves can be funded through your payroll contributions.

Group Legal Services
Access to legal services and a wide network of attorneys is offered.

Basic Life Insurance
Coverage equal to your base salary is paid in full by the Bank.

Group Universal Life Insurance
Additional coverage is available at group rates to supplement your Bank-provided benefit for you, your spouse or domestic partner and children.

Business Travel Accident Insurance
Coverage for your business travel is paid entirely by the Bank.

Personal Accident Insurance
Separate coverage is available for you, your spouse or domestic partner and children in the event that you have an accident at work or home.

Auto and Home Insurance
Coverage to protect your car and home is offered at competitive rates.

Short and Long-Term Disability Insurance
Coverage replaces all or part of your pay when you’re unable to work—at no cost to you.

Long-Term Care Insurance
Coverage for certain long-term care costs not insured by the Bank’s medical plans or Medicare is offered to you, your spouse or domestic partner, adult children, parents and parent in-laws.