This is only a guide to some CAP benefits. Policies and official benefit plan descriptions govern actual benefits. All benefits are effective on the date of hire. All employees receive personal annual benefits statements.
Arizona State Retirement (ASRS) Pension
401(k) 457(b) and 529 College Savings Plan - CAP matches 50% of employee contribution up to an employee contribution of 6% in the 401(k) plan. Employees can choose from over 10 funds to invest contributions in both the 401(k) and 457(b) plans.
CAP pays the full premium for term-life insurance policy in the amount of an employee's annual salary x 110% rounded to next higher multiple of $1,000. Employees may purchase additional voluntary term-life insurance for themselves and their dependents.
Paid Time Off
Vacation - Employees are able to bank up to 240 hours of vacation. Accrued and unused vacation is paid in cash upon leaving employment or can be transferred to 457(b) plan.
Years of Full-Time Employment - Hours Per Year
Less than 3 years - 96 hours
3-7 years - 120 hours
7-15 years - 144 hours
15-25 years - 168 hours
25+ years - 200 hours
Sick Leave - 80 hours per calendar year. Employees are able to bank up to 720 hours; 50% of unused accrual is paid in cash upon voluntarily leaving CAP employment or can be transferred to 457(b) plan.
Holidays - Nine designated holidays.
Income Protection Plan (IPP) - Pays 60% of employee's hourly pay during long-term disability elimination period after all paid-time off accruals have been fully exhausted.
Long-Term Disability - The benefit is 2/3 of an employee's monthly pay after 180-day elimination period.
Other Paid Time Off - Funeral Leave, Jury Duty, Voting Leave
80% of tuition and books upon completion of course up to maximum of $5,250 per year.
- Flexible work arrangements that support a quality work-life balance
- Wellness program
- Legal Plan
- Significant annual investment in employee training and development
- Relocation assistance
- Employee-led committees for communications and volunteerism
- A recognition program for community volunteerism
- An employee association that sponsors employee and family activities and events
- Child and eldercare resources and referrals
- Covered parking
- Academic scholarships for dependents