Faculty Benefits Summary

The purpose of this web page is to provide a summary of your benefits and certain essential policy information. For questions regarding these benefits, policies, or any other related information, please consult Human Resources or view the staff handbook.

Paid Time Off

Cameron offers an extremely generous leave policy, which is outlined below.

  • Sick Leave: Employees accrue 12 hours of sick leave per month, up to a maximum accrual of 1,440 hours (180 days).
  • Family Sick: A total of 72 hours can be used for the care of an immediate family member each year.

Holidays

A total of 24 days of holiday leave are granted to staff members for the 2019-20 school year. Please see the chart below for this year’s official holiday schedule.

2019-20 Holiday Schedule

The following holidays will be observed at Cameron University during the 2019-2020 academic year. University offices will be closed during these holidays:

  • Independence Day - July 4, 2019
  • Labor Day - September 2, 2019
  • Fall Break - October 17-18, 2019
  • Thanksgiving - November 27-29, 2019
  • Christmas/New Year - Dec. 19, 2019 – Jan. 1, 2020
  • Martin Luther King, Jr. Day - January 20, 2020
  • Spring Break - March 16-22, 2020
  • Memorial Day - May 25, 2020

Health Insurance

CU provides employer-paid group health insurance coverage to employees through Blue Cross Blue Shield. There is a wide selection of providers in the area and in the nationwide Blue Cross Blue Shield Network. Dental, vision, and dependent health coverage are also available to employees on a pre-tax basis through convenient payroll deductions.

Life Insurance

Each employee is provided employer-paid life insurance through American Fidelity in the amount of two times their annual salary. Employees also receive an additional $18,000 in life insurance through the Oklahoma Teachers’ Retirement System if they are active members.

Long-Term Disability Insurance

CU provides employer-paid long-term disability insurance through American Fidelity. Long-term disability benefits are paid on 60 percent of an eligible employee’s covered salary (up to $72,000), after a disability period of six months.

Retirement

Classified employees working 30 hours or more per week on a regular basis have two retirement options to choose from. The first option is a Defined Contribution (DC) 401(a) Plan. The University will make contributions on the employee's behalf equal to 9% of their total annual compensation. The second option is the Oklahoma Teachers Retirement System (OTRS). Contributions are paid by the employee on a pre-tax basis through payroll deduction. Contributions are equal to 7% of the employee's total annual compensation.

Cameron pays 100% of its administrative/professional employees' contributions in the Oklahoma Teachers' Retirement System. Cameron's monthly contribution equals seven percent of your gross salary plus your Cameron-paid fringe benefits. CU is one of the only higher education institutions in Oklahoma that pays 100% of its administrative/professional employees' contributions, and the money in your account is yours to keep. Administrative/Professional employees are eligible for membership on their first day of work.

Voluntary Salary Reduction Plan

Cameron provides a 403(b) plan that enables all employees to defer a portion of their current income. The advantage of Cameron's voluntary salary reduction 403(b) is that your taxable income is reduced by the amount you contribute into the plan. Employees can contribute into a consolidated four tier investment lineup. Cameron has contracted Fidelity Investments as the master administrator and record-keeper of this lineup. For more information and restrictions please visit the Benefits channel in your Aggie Access Employee tab or contact Human Resources.

Section 125 Flexible Benefit Plan

Employees have the option of obtaining additional insurance plans through Cameron's Section 125 cafeteria plan with American Fidelity. The following coverage is available through pre-tax payroll deductions: short-term disability, cancer policies, accident coverage, additional life and dependent life insurance, and medical and dependent care flex plans

Tuition Waiver

All benefited full time and part-time employees are eligible for a tuition waiver in both undergraduate and graduate courses offered by Cameron. For full-time employees, the waiver is available for up to six hours in each of the fall and spring semesters and up to three hours each summer. Three-quarter and part-time employees' tuition waiver is prorated to match their employment status.

Training and Development

An investment in our employees' learning environment is important to the organization's success. With that in mind, Cameron provides a variety of both online and in-person training throughout the year. This training includes both mandatory compliance training depending upon your position and optional career development courses in a variety of topics. Any training and development opportunities will be announced via email from the Human Resources Office.