What makes FHFA an employer of choice?
FHFA offers a comprehensive compensation and benefits package that includes both federally sponsored and Agency-sponsored programs. These programs are designed not only to be competitive in the marketplace, but to provide you with a healthy and productive work life balance and financial security now and in the future. The following provides an overview of our compensation and benefits package. See why FHFA is the agency of choice in the federal government:
PAY INCREASES
On an annual basis, employees can expect a merit increase reflective of their performance. A merit pay increase is a permanent increase in pay and rewards employee for meeting performance objectives.
PERFORMANCE BASED BONUSES
On an annual basis, employees can expect a lump-sum bonus, depending on performance and FHFA or office achievements.
RETIREMENT BENEFITS
FHFA provides retirement plans through the Civil Service Retirement System (CSRS) and Federal Employee Retirement System (FERS).
THRIFT SAVINGS PLAN (TSP)
The TSP is a federal retirement savings and investment plan that offers the same type of savings and tax benefits provided under 401(k) plans. Employees who participate may contribute on a pre-tax and/or Roth basis. Participants receive Agency matching contributions up to the first 5 percent of their annual salary. Employees aged 50 or older may contribute additional annual catch-up contributions.
FHFA 401(k) PLAN
FHFA offers an additional 401(k) plan administered by Charles Schwab. Employees who participate in the FHFA 401(k) Plan may contribute on a pre-tax and/or Roth basis. FHFA will match 100 percent of employee contributions up to 5 percent of their eligible pay. Combined TSP, FHFA 401(k) Plan, and catch-up (if applicable) contributions are subject to annual IRS limitations.
HEALTH, DENTAL, and VISION INSURANCE
FHFA pays 90% of the bi-weekly premium of the employee’s choice of Federal Employee Health Benefit plans.
FHFA's Dental Insurance Program provides quality, cost-effective dental coverage. FHFA pays 100% of the premium for employees and eligible dependents.
FHFA's Vision Insurance Program provides quality, cost-effective vision coverage. This benefit covers 100% of the premium for employees and eligible dependents (co-pay applies).
LIFE INSURANCE
The Federal Employee Group Life Insurance Program offers numerous term life insurance options covering employees and dependents. The Agency contributes a share of the basic premium which helps keep cost relatively competitive to private term insurance.
LONG-TERM CARE
The Federal Long Term Care Insurance Program provides long-term care insurance to help pay for costs of care when you can no longer perform everyday tasks by yourself, or you have a severe cognitive impairment.
COMMUTING EXPENSES & PARKING
FHFA covers 100% of the cost of your public transportation commuting expenses (e.g., vanpool, metro bus, and metro train). Subject to availability, employees enjoy free parking at Constitution Center.
WELLNESS PROGRAM
The FHFA Wellness Program offers the following resources to help our employees in their wellness journey:
- The Employee Assistance Program (EAP) provides free confidential counseling services to you and your family members. Services include consultation, short-term problem solving, coaching, or crisis management. The EAP also offers access to legal and financial services and a comprehensive resource and referral program at no cost to you.
- The Headspace app allows FHFA employees full access to the entire Headspace library via mobile app or web platform. The service features a variety of guided meditations and mindfulness exercises, providing unique resources to help reduce stress and build resilience.
- FHFA provides C2 Fitness Center membership at FHFA headquarters and offers fitness center reimbursement for core team members with a duty station at Fannie Mae or Freddie Mac.
- FHFA’s Nursing Mothers Program provides a supportive environment that is private, secure, and comfortable for nursing mothers.
VACATION AND OTHER LEAVE
The federal leave program offers exceptional time-off benefits, including vacation leave, sick leave, Family Friendly Leave, Family Medical Leave, Paid Parental Leave, and 11 paid holidays per year.
Employees accrue 13 days of paid annual leave (vacation) in the first year of employment. They earn additional annual leave as their tenure increases, up to a maximum of 26 days per year upon 15 years of federal service. Executives earn 8 hours of vacation leave per pay period (26 days per year) and 4 hours of sick leave (13 days per year) regardless of the length of federal service.
Employees earn 13 days of paid sick leave each year regardless of their federal service tenure. There is no ceiling on the amount of sick leave that may be carried over from year to year. Sick leave can be used for personal illness; medical, optical, and dental appointments; care for a family member who is ill; bereavement purposes; and absences related to adopting a child. Federal employees can receive additional paid leave to serve as bone marrow or organ donors.
The Agency offers a voluntary leave transfer program to assist employees who have a personal or family medical emergency and have exhausted available paid leave.
FLEXIBLE WORK SCHEDULES
FHFA offers flexible work schedules to ensure you maintain a safe, healthy, and productive work life balance. The work schedule policy allows employees to complete their basic work requirement using alternate work schedules, gliding start times, and earned credit hours.
FLEXIBLE SPENDING ACCOUNT
The Flexible Spending Account Program provides pre-tax, employee-funded accounts to pay for tax-deductible medical expenses and dependent care costs.
Page Last Updated: March 31, 2025