FDIC takes pride in being able to offer its employees highly competitive and generous benefits programs. Read why working at FDIC can be of benefit to you.

Benefits

• Federal Employees Health (FEHB) Insurance Program, consisting of options such as Managed Fee-for-Service, Point-of-Service, HMO, and High-Deductible Health Plans coupled with a Health Spending Account.
• Federal Employees Group Life Insurance (FEGLI) Program, which provides basic and optional coverage for you and optional coverage for your dependents
• FDIC Choice - a Flexible Cafeteria Benefits Plan, offering Dental, Vision, Life, Long-Term Disability, Health Care Flexible Spending Account, Dependent Care Flexible Spending Accounts
• Federal Retirement System plans
• Federal Thrift Savings Plan and FDIC Savings Plan (401(k))
• Lifecycle Account, Alternative Work Schedule, Telework programs
• Paid holidays, Annual Leave (Vacation) and Sick Leave

Go to http://www.fdic.gov/about/jobs/benefits.html for more detailed information.  

Compensation

• Table of Locality Rate Adjustments by Duty location
• 2008 Basic Rates of Pay for FDIC Corporate Grade (CG), Manager (CM), Expert (CX) and Executive (EM)
• 2008 Pay Structures for XP, XL, XS, SD, and XN Plans

• 2008 Wage Rate Schedule

• How FDIC Sets Pay:
  
  1.  It is the general policy that upon appointment to FDIC by initial hire, reinstatement, or transfer (without promotion), basic pay shall be set at the minimum of the grade for the position that the employee is being hired.
  
  2.  However, new hires shall receive a salary at a rate above the minimum basic pay when the appointee is or was receiving a higher rate of pay (highest previous rate) in a related field. In these cases, the appointee’s higher adjusted rate of pay (or the equivalent) should be matched by comparing it with the FDIC Adjusted basic pay (basic rate + locality adjustment) for the official duty station.
  
  3.  Highest previous rate is defined as the highest rate of basic pay earned in a permanent position or under a temporary promotion lasting more than one year. When the highest previous rate was earned in a prior year,  consideration is given to the FDIC structure adjustments made during the period covered that would have     increased the employee's basic pay had the employee been with the FDIC and remained at the higher grade.
  
  4.  Documents needed by the Human Resources operations to support higher than minimum rate of pay include:

  • Pay receipts from prior or current employers that clearly identify source of income, distinguishing bonus or benefits payments from regular salary;

  • 1040 documentation of taxable income reported to the IRS; or

  • Current, signed offers of employment from authorized hiring officers

  5. Exceptions to these pay setting terms would be appropriate for a position that is hard to fill or for other reasons that mandate the necessity to set pay above the minimum in a grade. Any exceptions made under these   circumstances require the prior approval of the Deputy to the Chairman and Chief Operating Officer.

Career Development Opportunities

• Training and Professional Courses
• Career Management Program
• Professional Association Membership
• Paid Conferences
• Fellows and Graduate Programs
• External Management Training Programs
• Tuition Assistance
• FDIC Mentoring Program
• Expression of Interest Program

Go to Career Development Opportunities for more detailed information.