Medical Insurance: Individual or family coverage is available, with participation in Oakton's self-insurance, HMO Illinois, or BlueAdvantage health plans. The employee share of premium costs is eligible for tax sheltering under the provisions of IRS Code, Section 125.
Dental Insurance: Individual or family coverage in Oakton's dental insurance plan. The employee share of premium costs is eligible for tax sheltering under the provisions of IRS Code, Section 125.
Flexible Spending Account: An administrative employee may set aside pre-tax dollars for reimbursement of eligible healthcare and dependent care expenses, pursuant to IRS Section regulations.
Term Life Insurance: Twice the annual salary rounded up to the next thousand dollars is provided by the College. Optional and dependent life insurance is available and is paid by the employee.
Tuition Waivers: The College will waive tuition for an unlimited number of Oakton credit-courses for employees, their spouse and children.
Tuition Reimbursement: Tuition reimbursement for administrators enrolled in credit bearing programs at a college or university other than Oakton is available up to amount budgeted.
Retirement: Administrators are required by state law to join the State Universities Retirement System (SURS). Employees contribute eight and one half percent of gross pay is contributed to SURS. Administrators vest their retirement account after five full years’ credited service. In the event of separation from employment before vesting, the employee contributions may be withdrawn.
Deferred Compensation Plans: The College offers 403(b) and 457 tax-deferred annuity plans.
Observed Paid Holidays:
- New Year's Day (January 1)
- Martin Luther King's Birthday (Third Monday in January)
- President's Day (Third Monday in February)
- Memorial Day (Last Monday in May)
- Independence Day (July 4)
- Labor Day (First Monday in September)
- Veteran's Day (November 11)
- Thanksgiving Recess (Fourth Thursday-Friday in November)
- Day of Christmas Eve (December 24)
- Christmas Day (December 25)
- Holiday Recess - Days between December 25 and January 1
Vacation: 20 days per fiscal year.
Sick Days: 20 days per fiscal year. Five of these days may be used for personal business.
Memberships & Subscriptions: $150.00 per year is provided for memberships in professional organizations, or for professional publications.
Employee Physical: Reimbursement up to the amount annually budgeted is provided annually for administrators over age 40; bi-annually for administrators under 40.
Sabbatical Leave: After six years of administrative employment at Oakton, an administrator may apply for a sabbatical leave for up to six months in duration. The administrator will receive up to three months pay.
Four-Day Summer Work Week: The College adopts a four-day summer work week beginning with the Friday following Memorial Day and continuing until the Friday of the week preceding the beginning of the academic year.
Early Childhood Centers: Discounted rates for employees. Click here to find out more about tuition rates.
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