As one of the world's leading financial services organizations, The Bank of New York Mellon recognizes the importance of a competitive benefits plan as part of your total compensation. That's why we offer a comprehensive, customizable benefits program to meet the needs of our diverse workforce. Benefits include medical, dental, vision, life insurance, disability insurance, retirement plans, tuition assistance and other work/life programs, as explained below.
Health and Welfare Benefits
Medical
You may choose from a range of options designed to provide you and your covered dependents with high-quality healthcare, including prescription drug coverage, at reasonable costs.
Dental
Dental coverage is available to help with the cost of routine dental care services for you and your family. Depending on the option you choose, your plan may include orthodontic coverage.
Vision
The Company offers vision coverage for exams, glasses or contact lenses, and other services.
Flexible Spending Accounts
You can make Federal tax-free contributions to Dependent Care and/or Healthcare Flexible Spending Accounts (FSAs). Depending on your tax bracket, you could have significant tax savings as a result of the money contributed into the FSAs.
Eligible Dependents
You can elect to cover eligible dependents under many company-provided benefits.
Insurance Benefits
Life Insurance
The Company provides a life insurance benefit to help provide financial security for your family in the event of your death.
Accidental Death & Dismemberment
Accidental Death & Dismemberment (AD&D) provides financial protection for you or your family if you suffer a severe injury or death.
Travel Accident Insurance
The Company provides Travel Accident Insurance at no cost to you. This coverage pays a benefit in the event of your accidental death while traveling on Company-related business.
Disability
The Company provides sick leave and short-and long-term disability programs that replace all or a portion of your income if you become seriously ill or disabled.
Dependent Life Insurance
You may elect Dependent Life Insurance coverage to provide financial protection for your family in the event of your dependent's death.
Work/Life Programs
The Bank of New York Mellon offers a variety of programs and services designed to support employees as they balance their work and personal responsibilities.
Employee Assistance Program
The Employee Assistance Program (EAP) is designed to provide confidential assistance to you for personal problems that may disrupt job performance, family or community life. These concerns include family discord; alcoholism and drug dependency; and financial, legal, emotional or other personal problems, such as illness or adapting to a stressful environment.
Tuition Assistance
The Company strongly encourages you to continue your professional development through the enhancement of your skills, abilities and education. The tuition assistance program offers qualified employees the opportunity to enhance their careers through the reimbursement of tuition upon successful completion of career-related course at accredited colleges, universities and institutes.
Vacation
The Company respects your need to take time away from work to be with your family or simply relax. Qualified employees are eligible for paid vacation based on job title and years of service.
Retirement Benefits
The Bank of New York Mellon offers retirement benefits to help you plan for a more financially secure future.
401(k) Plan
Eligible employees may contribute to the 401(k) retirement savings plan on a pre-tax basis and receive Company-matching contributions. The plan offers a full range of investment options to meet your personal savings goals. Rollovers from qualified retirement plans may be accepted.
Pension Plan
The Company offers a Pension Plan to eligible employees at no cost to you.
