"When I started my career with Lake Shore Savings Bank as an Accounting Clerk in 2009, I was pleased to find how great the benefits offered by Lake Shore Savings Bank were compared to the cost and quality of other employers I had worked for. Health insurance for a family of five can be quite expensive. At Lake Shore Savings Bank, employees enjoy health insurance that is both cost effective and easy to enroll in.

In addition to the health benefits, the 401K plan, Employee Stock Option Plan and Paid Time Off policy give me a peace of mind for my family’s future. With the benefits offered to me as a full time employee of Lake Shore Savings Bank, I am happy to know that my family is taken care of."

-Tanya Szoszorek           
Accounting Department

Caring for Our Team


Lake Shore Savings Bank’s benefits programs are designed to meet the varying needs of its employees. Since benefits are an important part of every employee’s life, our programs have been well planned and prepared to offer a benefit that is competitive, cost effective, and in line with our employees’ needs.

Health Benefits

After an introductory period, eligible employees may have the ability to enroll in certain benefits plans made available through Lake Shore Savings Bank.

Medical Coverage

We currently offer a competitive medical plan for our employees and their dependents.

Dental Coverage

Lake Shore Savings Bank currently offers single or family dental coverage to eligible employees.


Life Insurances

Lake Shore Savings Bank provides eligible employees with Basic Life Insurance as well as Travel / Accident with Accidental Death and Dismemberment Insurance.

Retirement Benefits

  • 401k Savings Plan

All employees who meet certain criteria have the option to contribute to a 401k Savings Plan after 90 days of service. Lake Shore Savings Bank offers both pre-tax and Roth options.

After an eligible employee meets certain hour and length-of-service requirements, Lake Shore Savings Bank may also contribute funds to the employee’s 401k Plan.

  • Employee Stock Ownership Program (ESOP)

After an employee meets certain hour and length-of-service requirements, Lake Shore Savings Bank may issue shares of Lake Shore Bancorp, Inc. (LSBK) stock in accordance with established guidelines to the employee.

In addition to the benefits mentioned above, Lake Shore Savings Bank employees may be eligible for Paid Time Off (PTO), paid Bank holidays, and a scholarship program for their child(ren).