Farm Credit Services of America offers a wide array of benefits for full- and part-time employees. In addition, our benefits package is designed to offer a solid foundation for financial protection for employees and their families. Our total compensation package allows employees to select those benefits that fit their individual circumstances. Farm Credit Services of America's Flexible Benefits Program includes, but is not limited to the following:
Health Benefits
Medical Care
Optional medical coverage provides three PPO plan designs: two traditional health plans with different deductibles and different out-of-pocket limits; and one high deductible health plan. Each plan offers prescription drug coverage and Preventive benefits that pay 100% of in-network eligible charges for routine preventive care services for each covered person.
Vision Care Plan
Optional program coverage allows employees, their dependents, or domestic partner to buy vision benefits through the Vision Services Plan (VSP).
Dental Insurance
Optional Basic and Comprehensive dental plans cover preventive, diagnostic services (exams, cleanings, fillings and x-rays). Orthodontia coverage pays a $2,000 lifetime maximum per person with the Comprehensive dental plan.
Investment Benefits
Salary Deferral Plan – 401(k)
Optional plan allows employees to participate in the 401(k) plan as soon as they receive their first computer generated paycheck.
Employees may contribute one to 75 percent of salary on either a pre-tax or after-tax basis unless limited by IRS regulations. Farm Credit Services of America matches dollar for dollar on the first six percent contributed. A variety of different funds and tools are available through New York Life.
Employer Contribution Plan
Farm Credit Services of America contributes to employee accounts in amounts equal to three percent of their covered compensation for each pay period.
Disability and Insurance Benefits
Long-Term Disability
If disabled due to a medical reason, an employee may apply for employer-paid long-term disability. If determined eligible by the insurance company and employee must be disabled for 180 days before benefits commence at sixty-six and two-thirds percent of covered monthly salary up to $20,000 per month.
Short-Term Disability
If disabled due to a medical reason, employee is eligible for employer-paid short-term disability (salary continuation) benefits when all sick and annual leave has been depleted. The payment is 50 percent of covered monthly salary and is taxable income.
Business Travel Accident Insurance
Employer-paid insurance covers accidental death or dismemberment that may occur while traveling on company business. This is equal to three times the employee's benefits-eligible earnings.
Basic Life Insurance
Basic Life Insurance, including an equal amount of Accidental Death and Dismemberment (AD&D) coverage (for employees only — not dependents) is provided at one times the employee's benefits eligible earnings.
Employees also have the option to purchase additional Basic Employee Life Insurance/ AD&D Insurance in the amount of 1x benefits eligible earnings.
Group Universal Life - GUL
Optional program allows employees to purchase additional term life insurance at group rates. Employees may enroll dependents also.
Optional Accidental Death and Dismemberment Insurance
Optional insurance allows employees to purchase AD&D coverage in incremental amounts of $25,000 — up to 10 times current base salary or $750,000 (whichever is less). The plan covers employees or employees and their families in the event of a death or dismemberment as a result of an accident.
Leave Programs
Vacation Leave
Accrues at the rate of 18 to 30 days per year depending on length of service.
Sick Leave
Accrues at 15 days per year.
Holidays
Farm Credit Services of America recognizes 7 holidays.
Additional Benefits
Spending Accounts
Optional spending accounts allow payroll deductions to be made on a pre-tax basis to pay for health-care expenses not covered by the medical or dental plans and/or dependent-care expenses.
Worker's Compensation
This plan pays the costs for any job-related injury or illness. It also has provisions for payment in case of death, time off due to disability and rehabilitation training.
Unemployment Compensation
Employer makes payment into a state fund that provides unemployment payments to eligible employees when unemployed.
Social Security
The federal government administers this program that provides benefits related to retirement, death or disability. There is also a health-care provision intended mainly for persons age 65 or over. The employer and employee pay equal amounts toward funding this program.
Other Benefits
- Tuition assistance
- Employee Assistance Program
- Free Pop/Cappuccino/Coffee
- Personal Time
- Prescription drug plan
- Health and Fitness Account
- Computer Purchase Plan
- Mothers Room
- Internal and external training opportunities
- Medical Leave
- Military leave
- Funeral leave in the event of death of a relative
- Leave for court service, jury duty and other circumstances that require employees to be absent for reasons other than their own illnesses or injuries
This summary sets forth general statements of employer policy and is not intended to be, nor should it be construed as, a contract between the employer and employee or a promise of treatment or coverage and is subject to change at any time.
