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Employee Benefits
Comprehensive employee benefits
Employee Benefits at BID Needham
At BID Needham, we are committed to the health and well-being of our employees and their families. Whether you’re a full-time or part-time member of our team, you may be eligible for a range of employee benefits.
Health and Wellness Benefits
We offer a variety of health and wellness benefits, which go into effect the day you start your job. Offerings include:
- Health insurance (three Harvard Pilgrim plans to choose from)
- Dental insurance (two plans to choose from)
- Vision insurance (two plans to choose from)
- Short- and long-term disability insurance
- Life insurance (hospital paid) and dependent life insurance
- Flexible spending accounts (FSAs) for medical and dependent care
- Commuter/transit FSAs
- Pre-paid legal insurance
- Wellness incentives and rewards for healthy lifestyle choices
Retirement Plans
Saving for the future is important. BID Needham offers a voluntary 403(b) retirement savings plan, as well as a basic pension plan.
403(b) Program
Our 403(b) program offers you the advantage of saving money while deferring taxes. These contributions are invested in a Fidelity Investments fund of your choice. After one year of eligible service, BID Needham provides an employer match on eligible employee pre-tax contributions at a varying percentage based on years of service.
Basic Pension Plan
Our pension plan contributes 2% of your base pay to your Fidelity account. Pension plan contributions begin after one year of eligible service.
Paid Time Off (PTO)
BID Needham offers a two-part PTO program.
Earned Time (ET)
Through our ET program, you accrue (earn) paid time off each week based on your scheduled hours and length of employment. You can use ET for personal illness, vacation and holidays.
The ET accrual rate for full-time employees increases after your three, five, seven, nine, 12 and 15 years’ service anniversaries. The accrual rate is pro-rated for eligible part-time employees.
Extended Illness Bank (EIB)
Your EIB hours are earned separately from ET, and you can use them in the event of an illness lasting more than three days.
Employee Assistance Program (EAP)
Your personal and professional lives are demanding. BID Needham’s Employee Assistance Program (EAP) helps you meet the challenges of these demands. We offer confidential assistance to you and your household family members.
Other Benefits
As an employee at BID Needham, you also receive these benefits:
- Direct deposit payroll
- Free parking and shuttle service
Careers at Beth Israel Lahey Health
Explore all opportunities at Beth Israel Lahey Health, including jobs at BID Needham and other locations within our health system.
