Benefits & Resources New Directions: Flexible Benefits Program (full-time employees) State Street provides our employees and their dependent family members with a flexible benefits program. Dependent family members include: an employee's Spouse or Domestic Partner or an Other Adult Dependent, along with any dependent children of the employee, the employee's Spouse or the employee's Domestic Partner. Our employees are able to customize a benefits package based on their individual needs and preferences. Our flexible benefits program is designed to let employees make significant benefit choices and take advantage of available tax savings. Features of the flexible benefits program include medical insurance, life insurance, long term disability, dental insurance, family life, AD & D (Accidental Death and Dismemberment), flexible spending accounts, and the purchase and sale of vacation days. Salary Savings Program: SSP-Wave of the Future Whether an employee is just starting or nearing the end of his/her career, State Street wants to help our employees chart their course for a financially stable retirement. Saving through the Salary Savings Program (SSP) helps employees to build an account balance and gain immediate tax deferral — and State Street matches a portion of what employees save once eligible. Employees direct how their account balance, including corporate monthly matching contributions, is to be invested among their selection of SSP funds. The funds offer a range of investment opportunity and risk — and employees can change their investments as often as once per month. Retirement Plan The State Street Retirement Plan (Plan) is designed to provide retirement income for eligible employees. State Street Corporation sponsors the entire cost of the Plan. As a participant the employee becomes vested in his/her account after he/she completes five or more years of service. Work/Life Program At State Street, we recognize that highly skilled, productive employees are key to our success. As a result, we offer a number of programs and resources for our employees designed to assist in managing the frequently difficult “work/life balancing act,” each under the umbrella of our work/life program. Highlights include access to: an employee assistance program free dependent care resource and referral back up care in three locations access to the Blue Cross/Blue Shield Center for Children in Quincy onsite grocery delivery service in Quincy lactation rooms for nursing mothers monthly discussion groups and seminars focusing on balancing work and life a wellness program which includes a variety of single and multi-session programs on healthier living, annual wellness fairs, an on-site fitness/wellness center at our Quincy location, health screening days, discounts at area health clubs, several intramural sporting teams and leagues, and Weight Watchers at Work the opportunity to purchase a broad range of discounted theater, movie and sporting event tickets through our Employee Activities office discounts on hotel/motel accommodations, travel, car rentals, and reduced admission at major amusement centers across the U.S. through our Employee Activities office State Street's FLAGs Program, which brings together employees interested in practicing and advancing their foreign language skills discounts on computer purchases through the Computer Purchase Program discounts on auto and home insurance with VIP Services information on buying a home and obtaining a mortgage through State Street's Home Buyer's Program