Employee Benefits

Cal Poly Corporation offers a comprehensive benefit program for its regular-benefited employees and their dependents. This includes medical, dental, vision, and life insurance coverage. The information contained here is an overview; for more details please refer to your employee handbook or plan documents.

Only employees classified as regular-benefited employees are eligible for the CPC Benefits Package. CPC retains the sole discretion to determine issues of eligibility or interpretation of the term and provision of all company benefit programs. Cal Poly Corporation retains the sole discretion to change, modify, amend or cancel benefits.

DISCLAIMER

While we do our best to keep this page updated, changes to Federal and State Law supersede the information on this page.

Health Benefits

Medical

Cal Poly Corporation offers HMO and PPO medical coverage to all regular-benefited employees and their eligible dependents through the California Public Employees’ Retirement System (CalPERS). Children are covered up to age 26. Cal Poly Corporation contributes generously toward plan premiums on behalf of the employee. The employee is responsible for any premium payments in excess of the corporation contribution. Employee contributions are taken on a pre-tax basis. Employees who have duplicate coverage may choose cash-in-lieu of insurance.

Dental

Cal Poly Corporation provides dental and orthodontic insurance to all regular-benefited employees and their eligible dependents at no cost to the employee. Children are covered up to age 26. Employees and their eligible dependents can go to the dentist of their choice and the Corporation will pay some or all expenses, depending on the type of service. Employees may choose cash-in-lieu of insurance.

Vision

Cal Poly Corporation provides vision insurance to all of its regular-benefited employees and their eligible dependents at no cost to the employee. Children are covered up to age 26. Employees may choose cash-in-lieu of insurance.

AFLAC

Cal Poly Corporation offers regular-benefited employees the option to elect AFLAC. AFLAC is a supplemental insurance program (paid for by the employee) that pays the employee money if he/she becomes ill or injured. AFLAC is an optional insurance that is provided by a third-party vendor. For more information, contact the CPC AFLAC representative directy: Karen Wilson (805) 423-5671

Life Insurance

Employees are protected by an employer-paid life insurance policy equivalent to a base of $10,000, $40,000, or $70,000 (dependent upon classification). If an employee is injured or killed from an accident, the CPC plan provides an equal base amount of Accidental Death & Dismemberment Coverage. Employees are eligible to purchase additional life insurance for themselves and their dependents.

Flexible Spending Account (FSA)

Employees may set aside up to the legal maximum amount on a pre-tax basis each year to pay for eligible medical expenses.

Dependent Care Account (DCA)

Employees may set aside up to $5,000 on a pre-tax basis to pay for childcare or other dependent care to enable the parent or guardian to work.

CalPERS Long-Term Care Insurance

CalPERS provides a long-term care program for an additional cost to all employees and their families. This insurance provides coverage not normally covered by health insurance, such as assisted living and nursing home care.

Short-Term Disability

Cal Poly Corporation offers a short-term disability program for regular-benefited employees who have exhausted all of their paid leave balances and are on a medical leave of absence. For up to six months, short-term disability will pay up to $231 per pay period while the employee is disabled.

Employee Assistance Program

The resource advisor is available to benefited employees in need of emotional, legal or financial support at no extra cost. Employees and their dependent family members can talk to a resource advisor counselor by phone 24 hours a day, seven days a week at (888) 209-7840 or online at resourceadvisorca.anthem.com

Wellness Incentive Program

All benefited employees will be given the option to be reimbursed up to $60 (taxable income) per quarter for wellness activities that have a cost associated with them.

Retirement Benefits

Retirement

Cal Poly Corporation contracts with CalPERS for its retirement pension program. Employees contribute approximately 5-7 percent of their gross salary on a pre-tax basis on top of what the corporation contributes toward their retirement. New employees are covered under the two percent at 62 formula.

Tax Sheltered Annuities & CalPERS 457 Plan

Employees have the option of saving for retirement by using tax-sheltered annuities, TSA (403b plans) and /or a 457 plan. The deductions are taken pre-tax, which directly reduces the amount of taxable income Cal Poly Corporation reports at the end of the calendar year. The interest earned on this retirement savings is also tax deferred.

ADDITIONAL Benefits

Paid Holidays

Cal Poly Corporation offers 13 paid holidays. Non-exempt employees required to work on a holiday (or if the holiday falls on the employee’s normal day off), will be allowed to take an equivalent amount of time off within the year. Each employee recieves a maximum of one personal holiday every calendar year.

Vacation & Sick Leave

Regular-benefited employees accrue from 10 to 24 days of vacation per year, based on hours worked and years of service. Accrued vacation leave is limited. Vacation accruals are pro-rated for part-time benefited employees.

Regular-benefited employees accrue sick leave based on regular hours worked, maximizing at 12 days accrued per year. There are no maximum number of sick leave hours that may be accrued. If an employee retires from Cal Poly Corporation, his or her sick leave will be converted to service credit. It takes 250 days of sick leave to receive one year of service credit. Part-time benefited employees accrue sick leave on a pro-rated basis. Employees may use up to half of their annually accrued sick leave to care for a member of their immediate family (a maximum of 48 hours per calendar year).

Educational Fee Reimbursement

Cal Poly Corporation regular-benefited employees may be eligible for the CPC Educational Fee Reimbursement Program. This program was established to provide an opportunity for employees to continue their education and be reimbursed for some of the costs associated with a degree program that is deemed to be mutually beneficial to the corporation and the employee.

ASI Recreational Center

Employees have access to the ASI Recreational Sports Center for a monthly fee.