Employee Benefits

TYPE OF BENEFIT	DESCRIPTION

Holidays (11)	New Year's Day President's Day Memorial Day Independence Day Labor Day Veteran's Day	Thanksgiving Day Day after Thanksgiving Day Christmas Eve Christmas Day Employee's Birthday

Vacation Leave	Benefit-eligible employees earn vacation leave by pay period with maximum accrual allowance of 240 hours plus one year's accrual.
	Accrual Rate:
	00 - 01 year	080 hours
	01 - 11 years	120 hours
	12 - 20 years	160 hours
	21 + years	200 hours

Sick Leave	Benefit-eligible employees earn sick leave by pay period at the equivalent of 20 working days per year with a maximum accrual allowance of 480 hours.

Retirement Plan	401 (a) Money Purchase Plan administered by ICMA-RC. Eligibility begins on the first day of employment. Employee contributes 3% before state and federal taxes are deducted. The City contributes 6%. Taxes will be paid when the money is withdrawn at retirement or separation. Pension is vested after 5 years of employment.

Deferred Compensation	Optional employee-paid pre-tax contribution to personal retirement account. Postpones state and federal taxation on income until withdrawn. Also administered by ICMA-RC.

Direct Deposit	Optional computerized payroll deposit directly to a checking or savings account with any participating bank, credit union, or savings & loan.

Credit Union	UARK Federal Credit Union offers many accounts, services, and benefits. Contact Finance Division.

Group Health Insurance - (PPO)	Administered by Arkansas BC/BS. Employee only, employee and spouse, employee and child, or family coverage available with City paying 70% of premium cost and employee paying 30% of premium through payroll deduction. Eligibility effective the first day of the month following 30 days of employment. Newborn coverage effective immediately – unmarried non-self supporting dependent children to age 23 if covered under family plan and a full-time student, otherwise to age 19.

	MAJOR MEDICAL $30 primary care co-pay benefit. $500 individual calendar year deductible then 90% of allowed charges paid to in-network provider and 70% paid to out-of-network provider. $2,000,000 lifetime maximum per covered person. $500 per year wellness benefit.

	DENTAL 100% diagnostic and preventative services. 80% coverage for basic services and 50% coverage for major services. Dental benefits are payable up to an amount of $1,000 if a covered person incurs covered expenses in a calendar year in excess of the $50 deductible.

	VISION $10 co-pay for in-network eye exams through VSP plus discounts on hardware items.

	PRESCRIPTION DRUG CARD PROGRAM Participants will pay $10 for a generic drug prescription, $30 for preferred brands, and $50 for non-preferred brands.

	LIFE AND ACCIDENTAL DEATH COVERAGE If a death occurs while covered under this plan, Life benefits payable are $15,000 for employee.

Flexible Spending	Numerous tax-sheltered supplemental products such as LTD, additional life insurance, cancer plans, heart/stroke, unreimbursed medical and child care expenses.

Miscellaneous Benefits	Workers' Compensation Insurance, Social Security, Jury/Court Leave, FMLA, Bereavement Leave, Military Leave, Injury Leave, and free employee parking.

Civil Service Employees	Some benefits differ for Civil Service employees (Uniformed Police Officers and Firefighters) such as Retirement Plan, Vacation Leave, and Social Security. Contact the Police and Fire Departments respectively.