Additionally, our voluntary Employees' Stock Purchase Plan allows employees to purchase The Bank of New York Company, Inc. common stock at a 5 percent discount. Health Care Plans Employees can choose from a range of medical and HMO plans, as well as from two dental options. All medical options generally provide comprehensive coverage for medically necessary services including prescription drugs. We provide optional flexible spending accounts so our employees can be reimbursed for eligible health and dependent care expenses with pre-tax dollars. Vacations Non-officers become eligible for two weeks vacation until the year of their third anniversary when they become eligible for three weeks.
Officers become eligible for four weeks vacation.
Insurance Our life insurance plans include Company-paid coverage, as well as a voluntary, supplemental, contributory life insurance program that provides coverage for both employees and their dependents. Disability The Bank maintains several sick leave and disability programs that replace all or a portion of your income if you become disabled. Our Tuition Assistance Program offers qualified employees the opportunity to enhance their careers through the reimbursement of tuition upon successful completion of career-related courses at accredited colleges, universities, and institutes. This information is a non-technical explanation of some of the important features of The Bank of New York Company, Inc.'s benefit plans, programs, and policies, many of which are covered in detail in official Plan documents. If a question should arise concerning the nature of these benefits, programs, and policies, the actual legal documents will govern and not the contents of the website.