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About PBGC

PBGC Employment Benefits

Annual and Sick Leave Accrual: All employees of the Corporation accrue both annual and sick leave depending on years of service with the Federal government. Annual leave may be used for vacation or other personal reasons. Sick leave may be used when you are ill, when you have a doctor, dental, or optical appointment, or when you need to provide care to an ill family member.

Child Care Program: PBGC has a childcare subsidy program for employees meeting eligibility requirements.

Direct Deposit: All PBGC employees receive their pay through direct deposit to their bank or other financial institution, making their monies available sooner than through traditional check mailing systems.

Employee Assistance Program: The program provides employees with free confidential assistance for help with personal issues that may be affecting work life. The program also provides consultation to supervisors who are trying to best help an employee with performance and/or attendance problems.

Employee Express: PBGC employees have electronic access to an online site where they can perform a variety of discretionary personnel and payroll transactions (e.g., changes to Financial Allotments, Health Benefits, Thrift Savings Plan, Direct Deposit, Federal and State Taxes, Home Address, and Savings Bonds).

Federal Employees Health Benefits (FEHB) Program: PBGC participants in the FEHB Program to help you and your family meet your healthcare needs. Federal employees, retirees, and their survivors enjoy the widest selection of health plans in the country. You can choose from among consumer-driven and high-deductible plans that offer catastrophic risk protection with higher deductibles, health savings/reimbursable accounts and lower premiums, or fee-for-service (FFS) plans, and their preferred provider organizations (PPO), or health maintenance organizations (HMO) if you live (or sometimes if you work) within the area serviced by the plan. More information can be found on OPM's website.

Fitness Center: PBGC employees, through subsidized payroll deduction, have access to a fitness center at 1200 K Street that offers group fitness classes in body sculpting and body blasting, circuit training, pilates, step, and yoga. It features a basketball court, full weight training and cardiovascular equipment, and trained fitness specialists for personal training and fitness assessments. The fitness center also sponsors massage therapy, health seminars, and fitness incentive programs.

Flexible and Compressed Work Schedules: The Corporation offers two flextime schedules, the Gliding Schedule and the 5-4/9 Plan. Employees on the Gliding Schedule must arrive between 7 am and 10 am and work 8 hours plus a 45-minute non-paid lunch period. Employees on the 5-4/9 Plan work eight 9-hour days and one 8-hour day (plus the 45-minute lunch period) in each biweekly pay period and receive one scheduled day off.

Flexible Schedule for Volunteer Work: PBGC provides flexible work time schedule for employees who participate in community volunteer work.

Flexiplace Program: This program allows eligible employees occupying certain positions within the Corporation to voluntarily participate in working away from the office, either at home or at another worksite for one day a week for Gliding Schedule employees, and one day a pay period for 5-4/9 Plan employees. The work to be performed at the alternate worksite has to be agreed upon in advance between the supervisor and the employee. The employee is responsible for providing the necessary work space and/or equipment to perform his or her work at the alternate work site.

Guaranteed Ride Home (GRH) Program: GRH provides commuters who regularly use ridesharing (vanpool, carpool), mass transportation (rail, bus), bicycle, or walking to get to work (at least twice a week) with a reliable ride home when one of life's unexpected emergencies arises. Commuters are able to use GRH for personal emergencies and unscheduled overtime up to four times a year, and the ride home by cab, rental car, bus, or train is free. The program runs from 6:00am to 10:00pm Monday through Friday.

Health Services: Emergency care and first aid treatment for illness or injury is available in the health unit at 1200 K Street, on the lower level. The health unit also periodically sponsors preventive screening programs for high blood pressure, cholesterol, diabetes, and vision.

In-House Training Center: PBGC's Training Institute offers many in-house training courses on job-related skills and often covers the cost of outside training for employee development. The Training Institute provides information and a reference library of course catalogs from local schools, colleges, and Federal agencies. The Training Institute also offers the Learning Center as an additional resource, which includes over 300 do-it-yourself course materials such as video or audio cassettes and workbooks on a wide range of subjects.

Information Technology: PBGC provides state-of-the-art information systems and information technology to every desktop.

Location: PBGC offices are located at 1200 K Street, NW, within a few blocks of the Metro Center and McPherson Square stations. In addition, parking spaces in the 1200 K Street building are available at reduced cost to employees in PBGC carpools.

Mass Transportation Subsidy Program: PBGC offers monthly Metrochecks of up to $105 to help defray the commuting costs of employees who use mass transportation, including commuter bus, Metrorail or Metrobus, or commuter rail systems. PBGC is located within walking distance of both the McPherson Square metro station and the Metro Center metro station.

Subsidized Parking Program: The Corporation currently has contracted parking permits for assigned car pools in the parking facility located at 1200 K Street NW. Permits for car pools are assigned according to the size of the car pool and how many members in the car pool are PBGC employees.

Work Life 4 You: PBGC provides a lifecare management referral and information service for employees and family members dealing with Life, Family, Health, Education, Work, and Finance. This service is provided at no cost to the employee.