At FHLB Cincinnati, we understand the value of investing in our people. In addition to an excellent work environment, the Bank offers a competitive rewards package including retirement and benefits programs that will help meet your needs today while building for the future. Described below are brief highlights of our benefit programs. Eligibility and participation are subject to the full policy, plan or description as maintained by FHLB Cincinnati.


Health and Welfare Benefits

Medical and Vision Coverage
FHLB offers a Consumer Driven Health Plan ("CDHP") through Anthem. Employees and dependents enrolled in the medical plan are provided vision insurance, through EyeMed, at no cost. The CDHP offers a broad network of healthcare professionals and facilities. Coverage is offered the first of the month following employment. Dependent children may stay enrolled in the medical and vision plans to age 26.

Marathon Health
Employees and dependents enrolled in FHLB’s CDHP may visit any of Marathon Health’s locations for acute, preventative or behavioral health care. Preventative visits are covered 100%. Other services provided with a small charge.

Dental Coverage
FHLB offers dental insurance through Dental Care Plus. Preventative visits are covered at 100% within the network. Dependent children may stay enrolled in the dental plan to age 26.

Health Savings Account
High deductible plans allow employees to open a Health Savings Account ("HSA"). FHLB provides a contribution to an employee’s HSA based on the plan and level of coverage elected when the account is with the FHLB sponsored HSA partner. Deductibles, co-insurance, prescription co-payments and other out of pocket expenses related to medical, dental or vision treatment may be paid with HSA dollars.

Flexible Spending Accounts
Transportation and Dependent Care Flexible Spending Accounts allow pretax dollars to be set aside to pay for eligible transportation and childcare expenses.

Employee Assistance Program
TriHealth's licensed staff and behavioral health professionals are available 24/7 to provide assistance with marital issues, depression, parenting issues, grief, relationship, work, anxiety, legal referrals and more. Employees and immediate family members are eligible for up to six free confidential counseling sessions.

Financial Benefits

401k Savings Plan
Employees may set aside a percentage of their earnings on a pre-tax or ROTH after-tax basis.  The FHLB provides an immediate matching contribution (100% of the first 3%) upon enrollment into the Plan and the matching contribution increases after three years (150% of the first 3%) and five years (200% of the first 3%) of service. Matching contributions are fully vested after three years of service.

Pension Plan
Employees are automatically enrolled in the FHLB sponsored pension plan on the first of the month following one year of service. The plan provides a retirement benefit based on earnings and service. Employees are fully vested after five years of service.

Incentive Compensation Program
The program provides an annual incentive compensation award if the Bank meets specified performance targets each year. Award opportunity levels vary based upon position within the FHLB.

Short- and Long-Term Disability
Eligible employees may receive short-term disability benefits for up to 26 weeks, and if disabled longer than 26 weeks, may continue to receive long-term disability benefits.

Life Insurance
FHLB provides eligible employees a life insurance benefit equal to 1.5 times their base salary. Supplemental life insurance for an employee and their dependents is available for purchase through payroll deductions.

Dependent Life Insurance
Coverage for spouses and eligible dependents is available at group rates.

Employee Referral Program
Employees may receive up to $5,000 for the successful hire of a referral to fill a current job opening.

Professional Development

Education Assistance
Eligible employees may apply for educational assistance for graduate or undergraduate courses taken at an accredited college or university that are related to their job or career field.

Professional Certifications and Designations
FHLB supports professional development and reimburses eligible fees associated with certification courses and examinations approved by management in advance of registration.

Time Off

Paid Time Off (PTO)
FHLB recognizes the need of its employees to have periods of rest and relaxation away from the daily demands of work. The PTO plan provides employees an opportunity to maintain their pay for scheduled and unscheduled absences. Other paid time off programs such as bereavement, jury duty, etc. do not reduce PTO balances.

Employees receive eleven paid holidays.

Paid Leave Programs
Benefits eligible employees are eligible for paid leave for parental and caretaker time.

Additional Benefits

  • "Dress for your day" dress code
  • Employee Wellness Program
  • Rewards and Recognition Programs

Click to download our Benefits Brochure.