Republic Bank offers Associates the Delta Premier PPO Plus plan through Delta Dental of Kentucky. The
dental plan is a unique blend of
Delta Dental's Premier and Preferred provider networks. If you use a dentist from the Preferred provider
network, your out-of-pocket costs
are lower because these network providers offer a greater discount for their services. All Full-Time and
eligible Part-Time Associates are eligible
to participate effective on their first day of employment.
Full-Time and eligible Part-Time Associates are eligible on their first day of employment for a comprehensive vision
plan through Humana Vision Care.
Flexible Spending Accounts provide tax advantages that can help pay health care and dependent care expenses on a pre-tax basis. Limited Purpose FSA plans are designed to work in conjunction with Health Savings Accounts for Associates enrolled in a High Deductible Health Plan (HDHP). By anticipating your family's health care and dependent care costs for the next year, you can lower your taxable income. Full-Time Associates are eligible to participate effective on their first day of employment.
Additional Information
2023 FSA Quick Start Guide
The Republic Bank HSA is a free - no fee tax-favored account that allows you to set aside funds to save
and pay for qualified medical expenses incurred by you, your spouse, and any of your qualified dependents. The HSA takes the form of a
tax-exempt trust or custodial account.
All Full-Time and eligible Part-Time Associates are eligible to participate effective on their first day
of employment.
Additional Information
Republic Bank Health Savings Account
As a Full-Time or eligible Part-Time Associate, effective on your first day of employment, Republic Bank provides
(at no cost to you) basic group term life and AD&D benefits, as follows:
- Full Time - 2x annual base pay (maximum benefit amount is $300,000)
- VP - $250,000
- SRVP - $450,000
- Part-Time - $15,000
In addition, all covered Associates are provided accidental death and dismemberment (AD&D) coverage
equal to the same amount of their basic
life benefit. Example, if you should die as the result of a covered accident, your beneficiary would
receive an additional benefit equal
to your basic group life benefit amount.
You can also purchase additional life insurance for yourself, your spouse, and your eligible children at
affordable group rates. All Full-Time and eligible Part-Time Associates are eligible to participate
effective on their first day of employment.
Additional Information
Evidence of Insurability
Republic Bank provides short-term and long-term disability income benefits and pays the full cost of this
coverage. As a Full-Time Associate, you become eligible for disability benefits following 180 days of
employment.
Cancer, Critical Illness and Accident policies are available at discounted rates through pre-tax payroll deduction.
AFLAC pays cash benefits directly to you to help with expenses associated with a covered illness or injury.
Coverage is available for yourself, your spouse, and children under age 26.
To help you prepare for the future, Republic Bank sponsors a 401(k) Retirement Plan that lets you save
and invest pre-tax and after-tax dollars from your pay. You are eligible to participate in the plan
immediately upon employment; at which time you will also be eligible for the Company Match.
The Company will match the first 1% of pay you contribute at 100%. The next 2-5% of pay you contribute
will be matched at 75%. You are always fully vested in your own contributions, as well as any investment
earnings on your contributions. Republic Bank's matching contributions are vested after two years of
employment.
New Associates are eligible to participate in the Republic Bank Employee Stock Purchase Plan (ESPP)
after 6 months of employment. By participating in the ESPP, you have the opportunity to own Corporation
stock by accumulating funds to do so with convenient after-tax pay-roll deductions. In this way, you
share in the Corporation's financial performance. The ESPP allows you to set aside between $10 to $490 from
each paycheck, on an after-tax basis over a 3-month offering period. The stock is purchased at a 15%
discount on the stock price at the end of the 3-month offering period using your contributions.
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Paid Time Off (PTO): Republic Bank has designed our Paid Time Off (PTO) benefits
to provide you with as much flexibility as possible when you need paid time off. Use PTO to enjoy a
vacation, take some personal time for any reason, or an occasional sick day.
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Parental Leave: Republic Bank provides up to two weeks of 100% paid parental leave for Associates who are expanding their families. This includes birth, adoptive and foster parents, regardless of sexual orientation or gender.
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2023 Holidays: Republic will grant holiday time off to all Associates on the
holidays listed below, and any other holidays as designated by the Board of Directors. If the
holiday falls on a day the Associate is normally scheduled to work, the holidays listed below
are paid, unless otherwise noted.
| New Years Day (observed) Closed |
Monday, January 2, 2023 |
| Dr. Martin Luther King Closed |
Monday, January 16, 2023 |
| Presidents Day Closed |
Monday, February 20, 2023 |
| Memorial Day Closed |
Monday, May 29, 2023 |
| Juneteenth Closed |
Monday, June 19, 2023 |
| Independence Day Closed |
Tuesday, July 4, 2023 |
| Labor Day Closed |
Monday, September 4, 2023 |
| Columbus Day Closed |
Monday, October 9, 2023 |
| Thanksgiving Day Closed |
Thursday, November 23, 2023 |
| Christmas Day Closed |
Monday, December 25, 2023 |
*Some departments will observe Holidays on an alternate day or adjust schedules based on our business needs and service levels for our clients.
**Republic Bank will be open for Veteran's Day. All Full-Time Associates hired prior to 11/10/2023 will be given a floating holiday to use during the calendar year.
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Bereavement Leave: If an Associate wishes to take time off due to the death of
an immediate family member, paid bereavement leave will be provided to eligible Associates.
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Other Paid Time Off: Republic Bank also provides paid time off to perform your
civic and community duties such as jury duty, voting and volunteer activities.
As an Associate of Republic Bank, you are eligible immediately upon hire. The plan provides benefits to
you, your spouse, and dependent children up to age 26. The EAP program is paid for by Republic Bank and
is administered by ESI TotalCare EAP, a private consulting firm that specializes in personal and free
unlimited telephonic counseling, as well as wellness, financial, legal and other free coaching services.
In addition, TotalCare EAP offers a broad array of enhanced online tools and services to help with problems
that might affect your personal or work life.
Teladoc is a 100% company-paid telehealth benefit that provides phone or online telehealth consultations for both medical and mental health needs. This benefit is provided even if you don’t enroll in Republic Bank medical coverage! You, your spouse, and eligible dependents living in your household (dependents must be 13 or older to access the mental health benefit) are eligible to participate effective on the first day of employment.
- Fitness Center Reimbursement
- Educational Financial Assistance
- Identity and Credit Protection
- Free Checking Account
- Free Associate Premium Rate Money Market Account
- Associate Homeownership Assistance Program – Associates are eligible for a one time, secured,
5-year forgivable loan of $5,000 for down payment & closing costs associated with the purchase of
a primary residence after one year of employment.
- Parking reimbursement - Associates who work at Republic Bank Corporate Center or Republic Plaza
are eligible to be reimbursed up to $75.00 per month for parking expenses or TARC ticket
expenses.
- Employee Discount Program through Tickets at Work
