Paid Time Off
Freddie Mac has a wide range of paid time off programs that are both flexible
and customizable, which assists our employees in taking time off.
-
Vacation: Freddie Mac offers a combination of core vacation and
additional vacation that may be purchased. In their first calendar year
at Freddie Mac, employees accrue 10 days of vacation; 15 days if the employee
is considered a mid-career hire. Both rates are prorated based on the date
of hire. In subsequent years, all employees receive 10 days core vacation
and may purchase up to an additional 15 days; to total at 25 days vacation
per year. Starting in their second year of employment, employees considered
as mid-career hires receive FlexDollars to offset five days of the cost
of vacation. All eligible employees receive FlexDollars to offset the cost
of vacation, subject to years of service.
-
Holidays: Freddie Mac observes scheduled Federal holidays and four
discretionary employee-chosen holidays each year, if hired prior to July
1.
-
Sick Leave: Full-time employees accrue sick leave during their first
year of employment and receive eight days of sick leave per each subsequent
year. Carried over sick leave is capped at 2 days for a maximum of 20 days.
Part time employees receive five days of sick leave per calendar year and
may carry over a prorated amount of days based on regularly scheduled hours.
Employees may take up to four days per year for an in illness in their immediate
family.
-
Adoption Leave: Eligible employees can take up to 30 business days
of paid leave to care for a newly adopted child.
-
Jury Duty Leave: An employee may take leave to perform jury duty
at the employee's regular rate of pay.
-
Bereavement Leave: Freddie Mac provides up to three days leave when
a death occurs in the employee's, spouses, or partners immediate family or anyone living
in their household.
-
Military Leave: Freddie Mac employees are entitled to take leave
from their Freddie Mac employment to serve in the uniformed services consistent
with the requirements of the Uniformed Services Employment and Reemployment
Rights Act.
|
