Full-time employees are eligible for many benefits that include: medical, dental, vision, and life insurance. Benefits become effective the first day of the month following 60 days of employment.
Employee Benefits Summary
Benefits are available to full-time employees, and some are available to regular part-time employees. Benefits begin on the 1st of the month following 60 eligible days of hire. If there are differences between this information and the plan documents or City Directives, the plan documents and City Directives will govern. This information does not guarantee benefits or employment with the City of Altus.
Employees can choose from medical, vision and dental plans. The City pays a significant portion of the cost of medical benefits for both the employee and dependents.
Flexible Spending Account (FSA)
The Section 125 FSA is administered by Infinisource and helps employees save money for health care and dependent care expenses. This benefit allows employees to deduct money from their paychecks for the following: 1. Health care reimbursement for qualified out-of-pocket health care expenses that are not covered by insurance (i.e. prescription and office visit copays, lab fees, glasses, contacts, dental services, etc.); 2. Dependent care reimbursement for costs paid to day care and elder care providers. By electing this benefit, employees are realizing a tax saving because the expense of these benefits is deducted before taxes.
AD&D And Life Insurance
The City of Altus pays for a Basic Life Insurance and Accidental Death and Dismemberment (AD&D) policy of $10,000 for each benefits-eligible employee. A Both of these policies are administered by Guardian. AD&D insurance provides specified benefits for a covered accidental bodily injury that directly causes dismemberment (i.e. loss of a hand, foot or eye).
Oklahoma Municipal Retirement System (OkMRF)
Defined Benefit Plan
This plan is a qualified tax-deferred retirement plan. You are automatically enrolled after six months when you work full-time. You will have 4% deducted from your paycheck pre-tax, and the City will make a contribution on a percentage basis. You are vested in OMRF when you earn 10 years of service credit.
Defined Contribution Plan
You are automatically enrolled after six months when you work full-time. You will have the option of contributing to this plan, contributions will be deducted from your paycheck after tax, the City will make a contribution on a percentage basis.
You may choose to have your pay deposited directly into your checking and/or savings account(s), or to receive your pay on a payroll card. You also have the option of splitting your paycheck among different banks and/or accounts. With direct deposit, you avoid the hassles of finding time to get to the bank on payday. The City of Altus requires electronic payment to employees; we strive to make this as easy as possible for the employee.
Regular full-time employees are granted 12 paid holidays per year.
- Less than 10 years 6.67 hours per month.
- 10-19 years 10 hours per month
- 20+ years 13.34 per month
- An additional 2 hours per month of vacation leave may be accrued as a bonus if no sick leave is used in the prior month
- 120 hours can be carried over from year to year.
All regular full-time employees accrue one full working day for each calendar month of service.
*Part time will receive leave benefits at a pro-rated amount.