Benefits/Financial: Full- and part-time employees are offered a 401(k) plan with employer match. Employees age 50 and over can make catch-up contributions to their plan, and may choose to invest in lifecycle funds that automatically reallocate assets based on age or proximity to retirement.
Employees receive financial planning information from staff members, from the staff of the financial services firm that administers their 401(k) plan, and from external financial planning experts.
Short- and long-term leaves of absence without pay and paid time off are offered to allow for caregiving. The Extended Illness Bank offers an employee with 6 or more months of service access to time-off benefits.
Full- and part-time employees are offered flu shots, health screenings, health risk appraisals, smoking cessation programs, health club discounts, physical activity and weight loss programs, stress management training and an anti-gambling program.
Nevada Federal offers referral services to assist with child care, care for grandchildren and eldercare, and back-up care for child care, grandchild care, and eldercare to its full- and part-time employees.
Benefits/Alternative Work Arrangements: Full- and part-time employees are offered the following alternative work arrangements: flextime, compressed work schedules, job sharing and telecommuting. Full-time employees are allowed to move to part-time work on a permanent or temporary basis.
Opportunities for Retirees: Nevada Federal has 38 retirees and an individual directly responsible for retiree relations. The credit union stays connected to its retirees by inviting them to organization events, by providing retirees with ongoing access to retirement planning workshops and information, and by formally acknowledging retirees upon retirement.
Age of Workforce: Thirty-seven percent of Nevada Federal employees are age 50 and over. The average tenure of those employees is 13.5 years.
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