Oklahoma Baptist University

Summary of Employee Benefits

This information provides an overview of benefits available to OBU employees. For more detail on the benefit packages for faculty, administrative and support staffs, visit the Policies webpage or review the handbooks. Benefits are subject to change at the discretion of the OBU Board of Trustees.

Health InsuranceFlexible spending accounts
Dental InsurancePaid time off
Life InsuranceEducation Benefit
AD&DWorkers Compensation
Long-term disabilityOther services and benefits
Retirement2013 Benefit Summary

OBU offers its employees a benefit package intended to provide financial protection against catastrophic illness or injury and an opportunity to accumulate assets for retirement.

As authorized by Sections 125 of the Internal Revenue code, health and dental premiums, retirement, medical reimbursement, and dependent care account deductions are made before taxes are applied, reducing taxable income and increasing take-home pay.

The costs of providing benefits are increasing; however the University wishes to continue to offer its employees a cost-effective benefits program.

HEALTH INSURANCE

OBU offers its eligible employees and retirees a choice of two PPO plans provided by Blue Cross and Blue Shield of Oklahoma:

Blue Preferred
Blue Choice

Highlights of the Plans

  • Two network options
  • $5000 annual deductible per covered person
  • Unlimited lifetime maximum
  • Plan Details

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DENTAL INSURANCE

OBU offers its eligible employees a choice of two plan designs provided by Delta Dental of Oklahoma.

Highlights of the plan:

  • Preventive services - exams, cleanings, x-rays are paid at 100%
  • Basic services - fillings, simple extractions are paid at 80%
  • Major services - are paid at 50%
  • Deductible applies to basic and major services only - $100 per person/$300 per family
  • Annual maximum $1,000
  • Orthodontics - only available on the Premier plan paid at 50% with a $1,500 lifetime maximum
  • Plan Details

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LIFE INSURANCE

Group Life

As a regular employee of OBU, you are covered by a life insurance policies at no cost to you. Through Unum, you have coverage valued at 1.5 x your annual salary (30k minimum).

The current life insurance policy also provides accidental death and dismemberment valued at 1x your annual salary.

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LONG TERM DISABILITY PLAN

The long term disability plan provides you continuing income (up to 60% of lost monthly income) if you are unable to work for at least 90 days because of serious illness or injury. The cost of the plan is determined by salary. Premiums are paid by the University.

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RETIREMENT

As a regular employee of OBU working at least 1040 hours per year in a benefits-eligible position, the University contributes an amount equal to 6% of your annual salary to a retirement account. The employee decides to establish this account with GuideStone Financial Resources of the Southern Baptist Convention or TIAA-CREF. Employee will automatically be enrolled in GuideStone Financial Resources of the Southern Baptist Convention if after 30 days no retirement account has been chosen. The University contribution is non-matched, however employees may also contribute pre-tax income to their retirement accounts through the use of a salary reduction agreement.

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FLEXIBLE SPENDING (Section 125) ACCOUNTS

Medical Dental reimbursement account

Employees may make pre-tax contributions to a medical spending account to pay for qualified medical expenses that are not covered by medical or dental insurance. Employees choosing to establish such accounts must plan carefully: money not used in the account at the end of the calendar year will be forfeited.

If you wish to participate in this program, you must enroll during your first 30 days of employment, during the annual benefits enrollment period, or when you experience an IRS approved change in family status. The enrollment form may be completed online, printed and submitted to AMERIFLEX. You must enroll annually for this program.

Reimbursement

You may request reimbursement for qualified medical expenses. You may complete the reimbursement form online, print, sign, and submit to AMERIFLEX. Be sure to attach documentation (receipts or Explanation of Health Benefits) when requesting reimbursement.

Protected Health Information (PHI)

The Human Resources Office has established policies concerning the use and disclosure of your protected health information (PHI) in compliance with the Health Insurance Portability and Accountability Act (HIPAA). For more details, review the OBU HIPAA policy.

Dependent Care reimbursement account

Employees may pay for work-related dependent care expenses with before-tax dollars by allowing pre-tax contributions to a flexible spending account. Employees choosing to establish such accounts must plan carefully: money not used in the account at the end of the calendar year will be forfeited.

If you wish to participate in this program, you must enroll during your first 30 days of employment, during the annual benefits enrollment period, or when you experience an IRS approved change in family status. The enrollment form may be completed online, printed and submitted to AMERIFLEX. You must enroll annually for this program.

Reimbursement

You may request reimbursement for qualified dependent care expenses. You may complete the reimbursement form online, print, sign, and submit to AMERIFLEX. Attach receipts when requesting reimbursement.

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PAID TIME OFF

The University recognizes the benefit employees derive from time away from work and, when possible, provides its employees with compensation for that time through vacation leave, sick leave, and holiday pay.

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Vacation leave

This leave may be used for vacations and other absences as long as the absence is approved by the supervisor. Effective August 1, 2005, vacation leave must be used within the fiscal year given - there will be no carryover of vacation leave from one fiscal year to the next nor is there a payout of vacation leave upon termination.

Vacation leave is given according the following table:

Length of service or years of experienceVacation days (hours) per year
0-2 years10 (80)
2-5 years12 (96)
5 to 15 years15 (120)
15+ years18 (144)

Effective August 1, 2005, each employee is also given 1 day off for his or her birthday.

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Sick leave

All employees, except faculty, receive 8 hours of sick leave per month. Sick leave is to be used for personal illness or doctor's appointments. Six days per year may be used for personal illness or doctor's appointment for immediate family members. The accumulation limit for sick leave in 560 hours.

Faculty absences due to illness are covered in the Faculty Handbook.

Holidays

The University observes the following paid holidays each year:

  • New Year's Day
  • Spring Break - one day (varies, normally mid March)
  • Good Friday
  • Memorial Day
  • Independence Day
  • Labor Day
  • Thanksgiving (Wednesday - Friday)
  • Christmas Eve & Day

Additional days may be granted at the discretion of the President. The holiday schedule is published at the beginning of the fiscal year.

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EDUCATION BENEFIT

Full-time employees may take 2 courses per academic year tuition free. Employees will be limited to five hours of course work per week during normal work hours (typically 8 a.m. to 5 p.m.).

Employee Education Benefit

Tuition Benefit Application

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WORKERS COMPENSATION

All employees are covered by state workers' compensation laws which may provide medical and income benefits if you are injured on the job.

Procedures

If you suffer an injury while performing your job duties, you must immediately report the injury to your supervisor and complete an Accident or Injury Report. Supervisors will follow the instructions in the Worker's Compensation Policy and complete the Workers' Compensation Court Form 2.

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Other services and benefits

Free general admission tickets to OBU Basketball games
Parking
Recreation and Wellness Center
Book Store
Mabee Learning Center

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