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Benefits and Services

In addition to benefits offered to all employees of the Federal Reserve System, including a variety of insurance plans, a 401k and a defined benefit retirement plan, Minneapolis Fed employees and staff at its Helena, MT Branch have many additional benefits that are specific to the Ninth District.

These benefits include:

Health Insurance Plans

You and your dependents, including domestic partners, are eligible for coverage in one of three different medical and dental plans, as well as a vision plan, beginning the first of the month following date of hire. Prescription drug coverage is included as a part of the District's medical plans. All health insurance premium deductions are taken on a pre-tax basis.

Medical Insurance Options

Dental Insurance Options

Vision Option

BlueCross BlueShield Standard PPO

CIGNA Standard Dental PPO

Vision Services Plan (VSP)

BlueCross BlueShield Premier PPO

CIGNA Premier Dental PPO

 

BlueCross BlueShield Premier Plus PPO (Helena Only)

CIGNA Dental DHMO

 

United Health Care Premier Plus PPO (Minneapolis Only)

 

 

You are also offered the option to contribute to flexible spending accounts. These accounts afford pre-tax dollars to pay for items like daycare, medical/dental deductibles, copayments, and other eligible health, dental, and vision expenses not covered by insurance.

Paid Holidays

The Federal Reserve recognizes 10 paid holidays each year:

New Year's Day

Labor Day

Martin Luther King Day

Columbus Day

Presidents Day

Veterans Day

Memorial Day

Thanksgiving Day

Independence Day

Christmas Day

Time Away from Work (Time Off)

The Bank offers a variety of programs to help you achieve a reasonable balance between your work life and your personal life. These programs include, but are not limited to, paid vacation, paid absence for illness, family medical leave, domestic partner leave, U.S. Armed Forces family member/military leave, bereavement leave, and others.

Educational Assistance

The Bank provides reimbursement to employees for approved educational expenses. The program covers individual classes (related to your job) and degree programs at both the undergraduate and graduate levels through accredited institutions.

Parking and Transit Benefits

In Minneapolis, parking is available in the Bank garage for all officers and other senior-level employees. On evenings and weekends, parking is available to all employees on a first-come, first-served basis. In Helena, free parking is available to all staff.

If you use public transportation to commute to work, the Bank offers a commuter subsidy program that provides tax savings.

Free indoor parking is available for bicycle commuters.

Wellness Programs/Fitness Center

The Bank offers a variety of ongoing wellness and fitness programs in support of healthy actions and work/life demands, including an on-site 24/7 fitness center in the Minneapolis office (an exercise room is available in Helena), where fitness classes are conducted, as well as employee-paid on-site massage (Minneapolis) and quiet rooms for nursing mothers.

Employee Assistance Program (EAP)

An EAP is available to all employees and their households. The EAP provides confidential consultation to assist you with a variety of issues, such as domestic or emotional, financial difficulties, alcoholism, or other chemical dependencies. Clinically trained professionals are available at various locations throughout the Twin Cities and Helena areas to conduct private counseling sessions at no cost to you.

Other Perks

Other benefits include subsidized, on-site cafeterias and free notary public services at both locations, as well as an on-site convenience store and ATM in the Minneapolis office.

Employees also have access to discounts on pet insurance and other products, services and events.


The Federal Reserve Bank of Minneapolis is committed to equal opportunity for employees and job applicants alike, and to an environment where employees can work effectively with and value other employees for their differences.

 
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Did You Know…
  • CNNMoney named “Bank Examiner” as one of the Top 20 Best Jobs in America.
  • Each year, Minneapolis Fed employees donate thousands of hours to community involvement activities.
  • The Fed is the only entity that is allowed to destroy currency.