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Administrator
Benefits
Medical Insurance:
Individual or family coverage, with 100% of the premium paid by Oakton,
participating in Oakton's self-insurance, HMO Illinois, or BlueAdvantage
health plans.
Dental Insurance: Individual or
family coverage in Oakton's dental insurance, with 100% of the premium
paid.
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the employee contributions may be withdrawn.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)
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, it will be effective beginning
with the last week in May and continuing until the Friday of the week
preceding the beginning of the academic year.
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