Our Total Rewards program includes compensation and recognition programs designed to reward your performance, tools to help you plan your financial future and benefits and services for your whole family.
Our employee benefits program is designed to provide a choice of coverage levels and options in several benefit areas. Employees receive Benefit Dollars that apply toward the cost of benefit elections. These dollars represent the funds that TEP contributes towards medical, dental, life insurance and long-term disability benefits. Employees use these dollars to create the benefit package that is best for them.
Employee options include:
- Employee Life Insurance
- Spouse & Dependent Life Insurance
- Health Care Spending Account
- Long-Term Disability Insurance
- Dependent Care Spending Account
Health plan options include:
- PPO (preferred provider organization) insurance with an option to contribute to a Flexible Health Care Spending Account.
- High Deductible Health Plan (HDHP), which allows you to contribute to a Health Savings Account (HSA) on a pre-tax basis (TEP also provides funds for the HSA).
TEP offers various defined benefit retirement plans (pension plans). TEP funds these plans without any contribution by the employee. Eligible employees automatically become a plan participant on the date that they meet the applicable eligibility criteria. Vesting (when a retirement plan is fully vested, the employee has a right to the entire amount of money in the account) occurs after five years of credited service (the amount of an employee's benefit is determined by the amount of their credited service).
The Tucson Electric Power Company 401(k) Plan includes an automatic enrollment feature that makes it easy for employees to participate.
Time away from work to relax and pursue special interests is important to everyone. Full-time employees earn vacation days.
TEP is closed on several holidays each year. Business requirements, local practices and applicable collective bargaining agreements, if any, determine which holidays are recognized. Near the end of the year, TEP publishes a list of holidays that will be recognized in the next calendar year. Employees also may receive one or more floating holidays, which must be scheduled with prior approval of the employee's supervisor.
Employees who have worked one full year of continuous service and who are regularly scheduled to work 32 hours or more per week are eligible to receive tuition reimbursement for an approved course of studies up to an allowable limit during the life of their career at TEP or UniSource Energy Services.