• 2014 Total Rewards Overview

    Your Wellness & Your Life

    First Niagara is committed to providing a comprehensive and competitive total rewards program that enables us to attract, motivate and retain team members.
  • Voluntary Benefits - Your Choice

    Benefit Description
    Medical Insurance Choose from two Preferred Provider Organization plans administered by BlueCross BlueShield of WNY: PPO and a Consumer-driven Health Plan (CDHP) - each with different deductibles and co-insurance.
    Dental Insurance Administered by Delta Dental and consists of two (2) PPO options that provide for preventive, basic and major services.
    Vision Insurance VSP administers this plan that provides for annual exams, an allowance for frames and lenses and much more.
    Health Savings Account (HSA) Participants in the CDHP medical plan option who satisfy IRS requirements will be eligible to make contributions to an HSA and First Niagara will make a contribution of $500/single coverage or $1,000/employee +1 or family coverage.
    Flexible Spending Accounts (FSAs) Four (4) types of FSAs are available to use pre-tax dollars to pay for eligible medical and dependent care expenses, parking fees and mass transit fares.
    Voluntary Life Insurance You choose from one (1) times to four (4) times annual base salary (rounded up to the nearest $1,000).
    Spouse Life Insurance Spouses and domestic partners coverage is available from $25,000 to $200,000.
    Child Life Insurance Coverage for your child(ren) and child(ren) of domestic partners of $5,000 or $10,000.
    Voluntary Accidental Death & Dismemberment Insurance (AD&D) Coverage options from one (1) times to four (4) times annual salary (rounded up to the nearest $1,000) for team members and families, including domestic partners and children of domestic partners.
    Voluntary Long-Term Disability Insurance (LTD) Full-time team members may elect additional long-term disability coverage that combined with Basic LTD will provide a benefit of the lesser of 66-2/3% base monthly salary or $15,000 per month.

    Benefits Paid by First Niagara

    Benefit Description
    Basic Life Insurance Eligible team members receive one (1) times annual salary (rounded up to the nearest $1,000).
    Basic Accidental Death & Dismemberment (AD&D) Eligible team members receive one (1) times annual salary (rounded up to the nearest $1,000).
    Short-Term Disability (STD) Benefits from $170 per week to 100% of salary based on employment status and years of service completed at time of disability.
    Basic Long-Term Disability (LTD) LTD benefits of 60% of monthly salary (benefit maximum of $5,000 per month) are provided to full-time team members.
    Business Travel Accident Insurance First Niagara provides travel insurance to all team members traveling on First Niagara business.
    Life Assistance Program (LAP) LAP is provided to all team members to assist with life events; e.g., financial, family matters, etc.

    401(k) Plan

    First Niagara is excited to be a partner in helping team members plan for their future by providing an exciting opportunity to save for retirement. The following are some highlights of the First Niagara Financial Group, Inc. 401(k) Plan:

    • Employer match of 100% on the first 4% a team member contributes and 50% on the next 2% contributed.
    • Immediately 100% vested in the employer match. Team members always are 100% vested in their contributions.
    • Team members are eligible to participate if they are 21 years of age and have completed three (3) months of service.
    • In 2014, team members can contribute up to $17,500, plus an additional $5,500 catch-up contribution if they will be age 50 or older.
    • The First Niagara 401(k) Plan accepts rollovers from other qualified plans (check with your former employer for available rollover options).


    Program Description
    Paid Time Off Eligible team members are provided with paid time off based on years of service and salary grade. 
    Leaves of Absence Available leaves of absence for eligible team members include:  STD, LTD, Family Medical Leave (federal and state – CT & MA), and military.
    Adoption Assistance Generous financial assistance for adoptions – both domestic and foreign.
    Educational Assistance Designed to support full-time employees who wish to further their education in undergraduate or graduate degree programs at accredited colleges and universities as well as those who are seeking a certificate.
    Learning Center Online Learning Center to acquire and enhance skills through online, instructor-led, and on-the-job training and development,  including Operational, Technical, Personal Development, Management/Leadership, Product Knowledge, and Sales & Service.
    Flexible Work Arrangements (FWA) Certain positions and locations offer FWA for mobile working or non-traditional schedules to accommodate work-life needs.
    Domestic Partnerships We extend benefits to domestic partners, including participation in medical, dental, vision, life insurance and AD&D.
    Employee Discounts We offer discounts on First Niagara products and services, as well as numerous retail and special event (concerts, festivals, etc.) discounts.

This summary of benefits does not create or preserve rights or entitlements to the benefits described. First Niagara reserves the right to interpret, modify, or terminate at its sole discretion any and all benefit programs provided by the company. While every effort has been made to describe the various benefits accurately, this is intended as a summary only, and in the event there is a discrepancy, the actual terms and conditions of the plan(s) as described in the plan documents will take precedence.

Participation in any of the employee benefits programs is subject to eligibility requirements and other terms and conditions of the plans, which may change from time to time in First Niagara’s discretion.


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