Financial and Retirement
Mayo Clinic partners with you to plan for your future and protect against risk.
Mayo Clinic administers a competitive, predictable and market-leading salary program with annual increases, given satisfactory employee and organizational performance.
The Mayo Clinic Pension Plan is a defined benefit plan where contributions are made by your employer, not by you. Your final benefit payout can be predicted because it is determined by a formula rather than by investment results.
As a Mayo Clinic employee, you can contribute to pretax 403(b), 401(k) or post-tax Roth accounts administered by Fidelity Investments. You have an opportunity to individualize your investment by contributing in several investment options.
Mayo Clinic provides financial assistance for travel related to interviewing, pre-employment exam and house hunting, and relocation for qualifying individuals.
Flexible spending accounts
Flexible spending accounts allow you to use pretax dollars for reimbursement of eligible health care and dependent care costs. These accounts are not available to Mayo Horizon participants.
Mayo Clinic provides life insurance, accidental death and dismemberment insurance, and other optional insurances.
Mayo Employees Federal Credit Union
This member-owned, not-for-profit financial cooperative provides members deposit, lending and investment services. See www.mayocreditunion.org.