Common use of Retirement Health and Pension Benefits for Employees Hired before May 10, 2012 Clause in Contracts

Retirement Health and Pension Benefits for Employees Hired before May 10, 2012. This section applies to employees hired prior to May 10, 2012 and who are eligible for District paid group insurance plan coverage. Receipt of retiree benefits is available only to employees who are working for the Nevada Irrigation District at the time of retirement and begin receiving (PERS) pension benefits within 120 days of separation from the District. Retirees may choose any plan offered to employees, and any additional cost for premium shall be borne by the retiree.