Benefits
At Freddie Mac, our benefits rank among the best in the nation. We annually assess our benefits in a benchmarking study facilitated by a well-known national consulting firm to ensure that our benefit offerings remain competitive. Flexibility is a top feature of our benefit plans at Freddie Mac; employees can design a customized package of benefits for themselves and their families.
Your Life.
We understand and support the fact that our employees have busy lives outside of work. That's why we offer a benefits plan designed to keep our most important assets – our people – healthy, happy, and moving ahead.
- Home Benefit Program for First Time Homebuyers
- Domestic Partner Coverage
- Flexible Spending Accounts
- Wellness Center
- Employee Assistance Programs
- Educational Assistance Program
- Fitness Center
- Transportation Benefit
- Adoption Expense Reimbursement
Your Health.
For most people, access to comprehensive, affordable health care is a top benefits priority. That’s why Freddie Mac offers a choice of programs to fit your needs, and the needs of your family.
Your Money.
Our benefits and services help employees achieve savings, protect their income, and plan for retirement. At Freddie Mac, we are committed to offering programs to help employees reach these goals.
Your Time.
At Freddie Mac, we understand the importance of time with your family and friends. That’s why we offer comprehensive policies that provide for paid & unpaid time-off programs.
We offer eligible first-time homebuyers up to $12,000 toward their home purchase to cover expenses such as their down payment, loan origination or discount points, and other closing costs.
We offer Medical, Dental and/or Vision coverage for your domestic partner, as well as his or her eligible children. Other domestic partner benefits include Sick Leave, Family Medical Leave, and more.
Earn pre-tax savings on eligible expenses.
- Health Care Spending Account: (HCSA) Employees may use the HCSA for eligible expenses that the health plans do not cover, or cover only in part, including deductibles and copayments.
- Dependent Care Spending Account: (DCSA) Employees may use the DCSA for eligible expenses related to child or elder care, excluding educational expenses.
Enjoy the convenience of seeing a doctor on-site at our home campus facility, at no cost.
Our on-site EAP counselor provides free, confidential assistance with a wide range of issues to employees and dependents. In addition to our on-site counselor, our Lifeworks Program counselors provide resources and referral services for adoption, elder care, child care, selecting a school, anticipating college finances, and child safety.
Reimbursement up to $5,250 per year for grade-based and accredited college, university, or certification courses.
You’ll have access to convenient services such as house cleaning and car detailing, as well as to premium tickets for hit shows, concerts, or sporting events.
We offer an on-site fitness center at our home campus, and offer Health Club reimbursement for employees at different locations.
This program allows you to purchase transit passes with pre-tax dollars.
We offer financial assistance to eligible employees who adopt a child.
Freddie Mac’s Thrift/401(k) Savings Plan is designed to assist employees in reaching their retirement goals. Employees can begin participating shortly after they are hired and become eligible for a 100 percent company match, up to the first 6 percent of pay, and a discretionary contribution after one year of service (based on company performance).
In addition to our Thrift/401(k) Savings Plan, we offer a traditional pension plan as part of Freddie Mac’s retirement package. As a company-funded plan, no employee contributions are required. Employees become eligible for the Pension Plan after meeting one year of service and attainment of age 21. The formula is based on pay and length of service. Employees can retire as early as age 55 (with a reduced pension benefit) provided they have five years of service; normal retirement is age 65.
Our Employee Stock Purchase Plan (ESPP) offers you a 15-percent discount on our company stock. You pay no brokerage commissions or service charges when you purchase Freddie Mac stock.
Providing protection from the unexpected for you and your family is an important part of Freddie Mac’s benefits, which include:
- Short-Term Disability (STD)
- Long-Term Disability (LTD)
- Life Insurance
- Accidental Death & Personal Loss (AD&PL) Insurance
- Business Travel Accident (BTA) coverage
With Freddie Mac’s flexible benefits program, you have several Medical options to choose from:
- Aetna HealthFund
- Aetna Choice POS II and Aetna Choice POS II Plus
- Aetna Out-of-Area Plan
- Aetna Select Open Access
- Kaiser HMO
Freddie Mac offers POS plans, a consumer-driven health plan with health reimbursement accounts and HMO style plans that provide coverage for doctor office visits, hospitalization, prescription drugs, and more.
Freddie Mac offers dental coverage for you and your eligible dependents on a wide variety of dental services.
Freddie Mac’s Vision Plan provides coverage for eye exams, eyeglass frames, lenses and contact lenses.
As a new hire, employees accrue 10 days of vacation, 15 days if hired with mid-career status, or 20 days if hired as an officer. After their first year, employees may elect to purchase additional vacation time above their core accrual.
Freddie Mac observes seven scheduled federal holidays and four discretionary holidays each year.
Full-time employees receive eight days of sick leave per calendar year. Carried-over sick leave is capped at seven days for a maximum of 15 sick days.
Employees are provided up to three days of paid leave for the death of an immediate relative or household member.
Provides employees leave for jury duty or to comply with a subpoena or court order.
Freddie Mac employees are entitled to take leave from employment to serve in the Uniformed Services consistent with the requirements of the Uniformed Services Employment and Re-Employment Rights Act. The continuation of benefits during leave and the right to be re-employed upon completion of such leave depend on a number of circumstances, including the duration of the leave.
Employees can take up to 30 days of paid leave to care for a newly adopted child.
The Family Medical Leave Act (FMLA) permits eligible employees to use up to 12 weeks of unpaid leave upon the occurrence of an employee's serious health condition or to care for an eligible family member.
Short-term disability coverage provides salary continuation benefits for employees that experience an illness or injury and need to be absent from work up to 180 days.