Benefits

 

East Boston Savings Bank offers a robust benefits package for full and part-time (20+ hours) employees.

 

Health Insurance*

EBSB offers multiple Blue Cross Blue Shield health plans to meet your health and financial needs

Healthcare Reimbursement Account (HRA)

Fully funded; reimburses participants for any eligible expense incurred toward their medical deductible up to the maximum amount

Dental Insurance*

Blue Cross Dental Blue Freedom

Vision Insurance

VSP vision care, with an elective buy-up option with increased benefits

Flexible Spending Account (FSA) /

Dependent Care Reimbursement

Allows you to withhold pre-tax dollars from your paycheck to pay for qualified, non-reimbursable health related and dependent care expenses

Transit and Parking Plans

Set aside funds on a pre-tax basis to cover certain transit or parking expenses

Earn Your Degree (Tuition Assistance)

East Boston Savings Bank offers up-front tuition assistance, according to the terms of the tuition assistance plan

401(k) Retirement Savings

401(k) matching $0.50 per $1.00 on your deferral of up to eight percent of your pay. Employees enjoy the excellent 401(k) plan which includes: employee contributions up to 75 percent of their pay, the Bank's match and an additional bank contribution equal to 3% of your pay. All of these contributions are immediately vested and offered according to the terms of the plan documents.

Employee Stock Ownership Plan (ESOP)

Qualified retirement plan making employee-participants owners of their company’s stock

Group Term Life Insurance

Equal to three times your annual salary paid for entirely by the Bank (FT only)

Incentive Bonus Plan

Incentive Bonus Plan paid annually at the discretion of the Board, based on overall profitability, job grade and individual performance

Paid Time Off (PTO)

Provides all full- and part-time employees with paid time away from work that can be used for vacation, personal time, personal illness, physician visits, family illness, religious holidays, or other approved days and approved leaves of absence

Paid Parental Leave

Provides 6 weeks of pay in any 12 month period that is associated with the birth of an employee’s own child or adoption

Palliative and End of Life Care Leave

Up to 6 weeks of paid leave is available to any employee in order to act as a family caregiver during the family member’s end-of-life

Employee Donated Leave Pool

A pool of paid benefit time has been established by donations from employees in order to make paid leave time available to employees with a compelling need for leave time, but who have no paid benefit time available to them

Additional Benefits

·         Wellness Program through BCBS

·         Fitness and Weight Loss Reimbursements

·         Mind & Body Reimbursements

·         Employee Assistance Program

*The Bank offers domestic partner benefits for both Medical and Dental insurance