Voluntary Benefits

Voluntary Benefits information for City of Albuquerque Employees

The City of Albuquerque offers several voluntary benefits for its employees, ranging from term life insurance and long-term disability insurance to pet insurance and deferred compensation.

Deferred Compensation

Additional savings for retirement is available under Section 457 of the Internal Revenue Code. Employees determine the biweekly contribution that is deducted before Federal Tax withholding is calculated. Contributions may be used to purchase qualified service credit with PERA.

Many investment options are available with three vendors:

Flexible Spending Accounts (FSA)

If you have out of pocket expenses for child or dependent care, medical supplies, eyeglasses, prescriptions or even parking expenses, you could save money by participating in our FSA program. Three separate accounts are available for Medical Expenses, Dependent Care, or Parking/Transit Expenses. The money you set aside is taken before taxes and helps to increase your net take home pay.

For more information, visit Basic.

Voluntary Term Life Insurance

If you would like to purchase additional life insurance protection for you or your dependents, you may do so through The Hartford's voluntary life insurance.

You must be a full-time employee and work a minimum of 20 hours per week to be eligible. This plan is a voluntary plan, meaning if you participate you are responsible for the entire cost of the premium.

For more information, visit The Hartford

Long Term Disability Insurance

The long-term disability (LTD) plan pays benefits if you become disabled for an extended period of time. If you are a full-time employee and you work a minimum of 20 hours per week, you may purchase LTD insurance through The Hartford. This plan is a voluntary plan, meaning if you participate you are responsible for the entire cost of the premium.

For more information, visit The Hartford

Short Term Disability

Becoming disabled is often an unexpected and burdensome experience, and it can happen to anyone. What if a disability interrupted your job, your income, and your financial security? How would you make your house or rent payment, or cover day-to-day expenses? It's important to consider these questions because a disability could adversely affect your well-being and your finances at a time when you should be concentrating on recovery.

For more information, visit The Hartford

Long Term Care

Long term care has touched many of our lives. Perhaps you have a family member who has spent time in a nursing home. Or maybe you know someone who needs the regular assistance of a home health aide. When you have seen a long term care situation up close, you know the many issues that are involved.

For more information, visit John Hancock.Leaving www.cabq.gov, click for disclaimer

Home & Auto Insurance

Home and Auto Insurance is being offered through Travelers.

For more information, visit Travelers.Leaving www.cabq.gov, click for disclaimer

Legal Insurance Plan

In today's world, you are almost certain to experience life events with legal ramifications. Be protected with ARAG legal plan.

For more information, visit ARAG Legal Benefits.Leaving www.cabq.gov, click for disclaimer

Pet Insurance

A Pet Insurance policy helps pay for your pet's treatments, surgeries, lab fees, X-rays, and much more. VPI can provide you with peace of mind knowing you can care for your pet no matter what the cost.

For more information visit VPI Pet Insurance.Leaving www.cabq.gov, click for disclaimer