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Scroll
through the following pages for a brief summary of the various benefits
offered to Federal employees.
Financial
& Job Security
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You will receive a competitive salary with a comprehensive retirement
and benefits package. As a Federal employee, you have numerous employment
safeguards that insure that advancement is based on performance, achievement,
and productivity. |
Competitive
Salary
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Your salary is adjusted for longevity (General Schedule employees)
and locality costs. Click here for
more information. |
Locality
Pay
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Included in your salary is an additional percentage of your pay that
is intended to insure that your pay is competitive with that offered
in the private sector. |
Incentive
Awards Program
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DNFSB has an active incentive awards program that rewards and recognizes
outstanding achievement, innovation, and performance. Awards are both
monetary and non-monetary. |
Health
Benefits Program
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You have a choice from a variety of Health Maintenance Organizations
(HMO) or fee-for-service health plans. The government pays approximately
75% of your biweekly health benefit premium. There is an annual open
season for switching plans. Pre-existing conditions are covered. Coverage
may be carried into retirement. Click
here for more information. |
FEGLI
Life Insurance
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DNFSB employees may enroll in the government-wide Federal Employees
Group Life Insurance (FEGLI) Program. FEGLI provides a variety of
coverage and benefit amounts. DNFSB pays 1/3 of the cost of your basic
insurance. Click
here for more information. |
Flexible
Spending Account
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Each year, you may elect to enroll in a Flexible Spending Account
(FSA). An FSA allows you to pay for eligible out-of-pocket health
and dependent care expenses on a pre-tax basis. Click
here for more information. |
Long
Term Care Insurance |
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DNFSB employees may apply for long term care insurance under a Government-sponsored
program. The insurance covers long term care that arises from age,
chronic illness, injury, or disability. Employees may apply for this
insurance at any time. Special procedures allow new employees to obtain
coverage by answering a minimum of health-related questions. Click
hear for more information. |
Sick Leave
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You earn 4 hours of sick leave for each two week pay period. You may
accrue sick leave indefinitely throughout your career. You may also
be advanced up to 240 hours of sick leave in cases of serious illness.
You may use up to 104 hours of your sick leave each year to care for
sick family members. |
Annual Leave
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You earn 13 days paid annual leave during your first 3 years of Federal
service; 20 days of annual leave per year up to your 15th year of
service; and 26 days of annual leave per year after your 15th year
of service. You may also carry over up to 30 days of unused annual
leave each year. |
Access
to Health Unit
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A nearby off-site health clinic provides preventive care, limited
immunizations, and health screening at no charge. |
Long
Term Disability Protection
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If you become disabled and have at least 18 months of service you
may be entitled to long term disability benefits. DNFSB will also
make extensive efforts to accommodate any handicap condition and allow
you to remain as a productive member of our workforce. |
Short Term Disability Protection
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You receive 100% of pay and benefits during the period covered by
your accrued and advanced sick leave and accrued and advanced annual
leave. Through our Leave Donor Program, you may also receive donated
leave hours from your co-workers for use during periods of extended
illness. |
Employee
Assistance Program (EAP)
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The DNFSB has an Employee Assistance Program that offers confidential
evaluation, counseling, education, and referral services to employees
and their families. These services are free of charge. |
Holidays
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As a Federal employee, you will receive 10 paid Federal holidays per
year. Click here for more
information. |
Work
Environment
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DNFSB provides a safe, secure, and well maintained work environment
in the heart of the Nation's Capitol. |
Retirement
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As a DNFSB employee, you will be enrolled in the Federal Employees
Retirement Systems (FERS). You will be eligible to receive retirement
income from three sources: a basic retirement plan, your Thrift Savings
Plan, and Social Security. Click
here for more information. |
Thrift Savings Plan
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As a DNFSB employee you will be eligible to contribute to the Thrift Savings Plan (TSP). This plan is similar to a 401 K plan in the private sector. The Government will automatically contribute 1% of your salary to TSP whether or not you elect to make employee contributions. If you elect employee contributions, the Government will contribute matching contributions up to 4% of your salary. Employees may contribute up to the IRS annual elective deferral limit. Click
here for more information. |
Social Security Coverage
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If you've earned at least 40 Social Security credits, you will be
entitled to Social Security benefits—normally at age 62. |
Medicare Coverage
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As a Federal employee, you will be eligible for Medicare at age 65. |
Credit
for Active Duty in the U.S. Uniformed Services
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In most circumstances, you may receive civil service credit for your
active duty in the U.S. uniformed services. Credit may be used for
determination of your leave accrual rate and your retirement eligibility. |
Relocation Assistance
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For most jobs, DNFSB offers relocation assistance. Benefits include
movement of your household goods and travel reimbursement. |
Job Portability
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If you are on a career appointment, your service credit, sick leave,
annual leave, and retirement are transferable to other Federal government
agencies. If you leave government service, you will also carry over
Social Security credits and be able to rollover Thrift Savings Plan
(TSP) investments into a private sector plan. Even if you leave before
normal retirement, you may be eligible for a deferred annuity. |
Fitness Facility
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The building landlord provides an on-site fitness facility for use
by DNFSB employees. |
Public Transportation Benefit Program
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Eligible employees can participate in a transit subsidy program that
helps reduce the expenses of commuting to and from work |
Military Leave
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DNFSB is supportive of your participation in the U.S. Military as
a reservist or member of the National Guard. You may receive 15 or
more days paid military leave each year for periods of active military
duty. |
Leave for Jury Duty
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If called to jury duty, you will be given additional paid leave without
having to use your own annual leave. |
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