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This Month's Trait:

Decisiveness

The ability to recognize key factors and finalize difficult decisions.

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Summary of Benefits

The City of Owasso extends a full range of benefits to its regular, full-time employees in order to attract qualified candidates for employment, promote a general sense of health and well-being, and to ensure quality of life for our employees. The list below reflects the City of Owasso's core benefits and other voluntary benefits available to employees upon hire. The contents of this website do not represent a contract for benefits or a guarantee of continuation of specified coverages.

Benefits

Regular, full-time employees are eligible for the following benefits:

Retirement and Pension Plans

Optional Retirement Plans

Health Benefits

Pre-Tax Section 125 Cafeteria Plan

Employee Assistance Program

Paid Leave

Sick Leave Fund and Incentive Program

Tuition Reimbursement

Retirement and Pension Plans

  Civilian Employees Fire Safety Employees Law Enforcement Employees
Name of Plan
Oklahoma Municipal Retirement Fund
Oklahoma Firefighters Pension and Retirement System
Oklahoma Police Pension and Retirement System
Employee Contribution
4.26% of all eligible earnings, pre-tax
8% of all eligible earnings, pre-tax

4% of all eligible earnings, pre-tax

City Contribution
Based on annual actuarial study

13% of all eligible earnings, based on state statute

13% of all eligible earnings based on state statute, plus additional 4% per Collective Bargaining Agreement
Vesting Schedule

After 5 years of service

After 10 years of service
After 10 years of service
Normal Retirement

Age 65 with 5 years of service or age 62 with 30 years of service


Plan Summary

Eligible for retirement at 20 years of service regardless of age
Eligible for retirement at 20 years of service regardless of age

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Optional Retirement Plans

OMRF Defined Contribution (Thrift) Plan 401(A)

Regular, full-time employees may voluntarily contribute to the OMRF Defined Contribution (Thrift) Plan. The City contributes 1/2 up to 2% of employee's contributions on an after-tax basis, and is calculated after taxes have been deducted. Employees may also make additional contributions to the plan up to the maximum designated by the IRS. Several options are provided for investment purposes, and employees are vested in both their own contributions and the City's at five (5) years of service.

 

ICMA 457 Deferred Compensation Plan

Regular, full-time employees may voluntarily contribute to the ICMA 457 Deferred Compensation Plan. Employee contributions to the 457 Plan occur through payroll deduction on a pre-tax basis. This allows the employee to defer taxes each pay period until the contributions are withdrawn.

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Health Benefits

Regular, full-time employees are eligible for health, dental, vision, and life coverage the first day of the month following hire.  An employee's spouse and dependents up to age 19 (or full-time students up to age 25) are also eligible for coverage.

Monthly Premiums

AETNA Choice POS II

Delta Dental of Oklahoma

Vision Service Plan

AETNA Group Life

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Pre-Tax Section 125 Cafeteria Plan

The City of Owasso offers the opportunity to utilize pre-tax spending accounts through payroll deduction. Available under this pre-tax option are qualified insurance premiums (including health, dental and vision), out-of-pocket medical expenses (i.e. co-payments, medical and dental deductibles, and other medical expenses not covered by insurance), dependent/child care expenses and other voluntary products.

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Employees' Assistance Program

The Employee Assistance Program (EAP) is designed to help employees maintain emotional health by providing counseling services for various life issues, including marital, work-related, financial, legal, emotional, parent-child, or alcohol-drug related issues. This confidential service is offered at no charge. 

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Paid Leave

  Civilian Employees Fire Safety Employees Law Enforcement Employees
Holidays
8 paid holidays per year, 3 floating holidays per year; in lieu of holiday leave, Communications Officers paid for 32 hours of holiday compensation in June and December
Accrue 12 hours per month in lieu of holiday compensation
In lieu of holiday leave, are paid for 48 hours of holiday compensation in June and December, with option of converting holiday pay to leave accrual in June
Vacation

Receive one week of paid vacation after successful completion of six months, employee will then begin to accrue 6.67 hours per month

Receive 120 hours of vacation leave after successful completion of one year, employee will then begin to accrue 12 hours per month

Receive 96 hours of vacation leave after successful completion of one year, employee will then begin to accrue 8 hours per month

 

 

 

Accrual Schedule Accrual Schedule Accrual Schedule
Sick
Accrue 8 hours per month
Accrue 18 hours per month
Accrue 9.25 hours per month

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Sick Leave Fund and Incentive Program

A voluntary sick incentive program is provided by the City to encourage appropriate use of sick time and provide a short-term disability provision for enrolled employees.

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Tuition Reimbursement

Regular, full-time employees are entitled to receive tuition reimbursement for any classes taken in pursuit of an undergraduate degree, with a minimum grade of "C." With approval of the City Manager, employees may receive tuition reimbursement for any classes taken in pursuit of a graduate degree, with a minimum grade of "B." All tuition reimbursement is based upon tuition rates provided by the Oklahoma State Regents for Higher Education standard.

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