Benefits Offered by the Federal Government
As a new employee, individuals may be eligible for some special bonuses such as a recruitment bonus or a relocation bonus. This will be at the discretion of the employing agency. Other beneficial federal programs employees may want to ask about include: incentive awards; employee development programs; student loan repayment programs; retention allowances; and interagency transfers. All agencies support community service and encourage participation in the annual combined Federal campaign.
Federal Employees Health Benefits Program (FEHB) <http://www.opm.gov/insure/health/index>
The Government's health benefit program has about 180 health plan options throughout the United States, including consumer-driven health care and preferred provider network options. At least a dozen plan choices are available to each employee, that allows for a broad choice so that employees can select the plan that best meets their own individual health care needs. While specific benefits vary among FEHB plans, none can impose a waiting period or require a medical exam to enroll in their plan.
Flexible Spending Accounts (FSA) <http://www.opm.gov/insure/pretax/fsa/index>
FSAs allow employees to increase their disposable income because the amounts they contribute are not subject to Federal income, FICA, State or local income taxes. The Federal Government offers both a Health Care FSA and a Dependent Care FSA. Employees can use the Health Care FSA for expenses that are tax-deductible, but not reimbursed by any other source, including out-of-pocket expenses and non-covered benefits under their FEHB plans. Some examples are non-covered dental services, lasik surgery, health plan deductibles, and co-payments and coinsurance. FSAs for dependent care are available for employees with dependent children or qualifying dependent adults when the care is necessary to allow the employee to work.
Leave and Holidays <http://www.opm.gov/oca/index.htm>
Federal employees are entitled to at least 13 days of vacation leave as well as 13 days of sick leave each year. Depending on years of service, employees can earn up to 26 days of vacation leave each year. In addition, Federal employees get 10 days paid holiday each year. This allows employees time to spend with their families and to pursue their own individual interests and avocations.
Family Friendly Flexibilities <http://www.opm.gov/oca/leave/index.htm>
The Federal Government provides many programs for workers to support their needs for individual flexibility. For example, Flexible Work Schedules allow employees to adjust their work hours in order to take a day off each pay period. Employees can enjoy twenty-six 3-day weekends! Also, the Federal Government's Alternative Work Schedule (AWS) allows employees to select certain arrival and departure times that best suit their needs within their working day. Agencies are encouraged to allow eligible employees the opportunity to Telework either at home or at a remote location at least one day a week. Family Friendly Leave Policies provide flexibility for military leave, allow employees to care for a sick family member or flexibility in the event of a disaster or emergency. In addition, while specific programs may vary, agencies also offer Employee Assistance Programs (EAP); Part-Time & Job Sharing Positions; Resources for Child & Elder Care Resources, Information and Incentives for Adoption, and other Child Support Services.
Federal Employees Retirement System (FERS) <http://www.opm.gov/retire/index.htm>
Retirement benefits are based on your years of service and salary history.
Thrift Savings Plan (TSP) <http://www.tsp.gov/>
With the Thrift Savings Plan, individuals can self-direct their retirement savings program through multiple investment options. This Plan is very similar to a 401(k) plan.
Social Security <http://www.ssa.gov>
Federal employees will earn Social Security credit while working with the Government. Social Security provides for individual's future retirement benefits, provides disability protection, and allows for survivor benefits protection.
New employees who had previous Government service may be eligible to participate in the Civil Service Retirement System. Check OPM's website for eligibility.
Medicare - Part A <http://www.medicare.gov>
Government employees are automatically eligible for Medicare Part A at no cost beginning at age 65.
Federal Employees Group Life Insurance (FEGLI) <http://www.opm.gov/insure/life/index.htm>
FEGLI is a group term life insurance program. It consists of Basic life insurance coverage and three options. In most cases, if you are a new Federal employee, individuals are automatically covered by Basic life insurance and your payroll office deducts premiums from your salary unless you waive the coverage. In addition to the Basic, there are three forms of Optional insurance that you can elect. (Standard, Additional, and Family). The program offers the opportunity to retain your coverage for your entire life.
Long Term Care Insurance Program <http://www.ltcfeds.com>
As a new federal employee, you have the opportunity to apply for long term care insurance under the Federal Program with minimal underwriting. However, a limited number of medical conditions will prevent a new employee from being approved for coverage. Long term care helps people to perform daily activities if they have an ongoing illness or disability. This Program offers a choice of benefits that can provide a variety of services, including but not limited to: nursing home care, assisted living facility care, adult day care and at home care. Please see the link for specific information.
There are many other benefit programs that make the Federal Government a model employer and a top ranking career choice. The following is a list of additional programs offered by many of the agencies:
Student Loan Repayment <http://www.opm.gov/oca/pay/studentloan/>
Permits agencies to repay the student loans of Federal employees; used at the discretion of the agency.
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