- Benefit Documents
- Cafeteria Plan
- City Pension
- Employee Assistance Program
- Health Insurance
- Roth IRA & Section 457
Section 125 Cafeteria Plan
The City provides access to a Section 125 Cafeteria Plan. A "Section 125 Cafeteria Plan", often referred to as a "Flexible Spending Account", helps an employee keep more of their paycheck by reducing their Federal and State taxes. It allows an employee to pay certain expenses before taxes are deducted from their paycheck. These expenses include daycare, insurance premiums and most out-of-pocket medical costs.
For further information concerning eligibility and enrollment procedures contact the Human Resources Department.
City Pension Plan
After 1 year of employment with the City an employee will be eligible to have the City contribute up to 6% of their salary into a pension plan. The Plan is administered by TIAA-CREF. For further information concerning eligibility and enrollment procedures contact the Human Resources Department.
Employee Assistance Program (EAP)
The Southwest Employee Assistance Program provides 24/7 access to professional counseling designed to help the employee and their family cope with a variety of personal and work-related issues. These services are provided at no cost to the employee. They are confidential and easy to access. Simply give them a call at 800-777-1797 or visit the Southwest Employee Assistance Program website.
Some of the areas of coverage are:
- Workplace Concerns
Health Insurance Benefits
Dental, Life and ltd
Benefit Consultant for Delta Dental and One America
Phone: 501-376-7878 or 888-842-4571
457 Plans & Roth IRA
Tax code section 457 provides rules to govern all non qualified deferred compensation plans of governmental employees and non-church controlled tax-exempt organizations. The pension plan designed to comply with theses rules is simply referred to as a Section 457 plan. Employees are allowed to defer compensation on a pre-tax basis through payroll deductions that further allows them to defer federal and sometimes state taxes until the
assets are withdrawn.
A Roth IRA is a type of Individual Retirement Annuity in which contributions are made with after-tax dollars. If certain requirements are met, earnings accumulate tax-free, and no federal income tax is levied when qualifying distributions are taken from the plan. The City offers participation in both 457 and Roth IRA plans but, the City does not make
contributions to either plan. For further information concerning eligibility and enrollment procedures contact the Human Resources Department.