Medical/Dental/Vision Plans

Designed to help pay for employees' and dependents' eligible medical, dental and vision expenses. Plan eligibility requires that an employee work at least 20 hours per week. Coverage is effective the first of the month following the employee's date of hire.

There is a choice of three plans:

• Company-insured PPO plan - Union Advantage; and
• Two Health Maintenance Organizations (HMO's) - HealthFirst or Hometown Health Plan

Base Life Insurance
Company-paid base life insurance is $50,000.

Business Travel Accident Insurance
Company-paid travel accident insurance. Death benefit of $500,000 in the event of accidental death while traveling outside regularly assigned work location on company business.

Long-Term Disability (LTD)
First of the following month after hire date employee is eligible for long-term disability. Premiums are paid by the employee. The policy pays 60% of your salary up to the cap of $10,000. Since this premium is paid with post-tax dollars, the benefit is non-taxable.

Health Care Flexible Spending Account (FSA)
A method for employees to set aside tax-free dollars to reimburse themselves for eligible medical, dental or vision care expenses not covered or fully paid by any insurance plan.

Dependent Care Flexible Spending Account (FSA)
A method for employees to set aside tax-free dollars to reimburse themselves for the cost of caring for qualified dependents while the employee and spouse are at work (e.g., child care, elder care).

Voluntary Investment Plan (VIP)
In addition to our Retirement Plan we offer a 401(k) plan. VIP is a tax-deferred, long-term savings program which offers an investment program with a substantial tax advantage. There is also a company match of up to 100% for each $1.00 you save up to 6% of your pay after six months of employment.

Supplemental Life Insurance (Optional)
Employee-paid with after-tax dollars. Supplemental Life Insurance is a term life insurance product which gives the employee the opportunity to receive additional insurance protection. Coverage is available in increments of 0.5 up to 5 times your base pay and a maximum of $1,250,000. Employees can also choose coverage for their spouse and dependents.

Vacation
Vacation is accrued bi-weekly and may be used after six months of employment. Vacation is accrued at the following rate:

0 - 5 years of service - 10 days
6 - 12 years of service - 15 days
13 - 19 years of service - 20 days
20 - 26 years of service - 25 days
27 or more years of service - 30 days

Sick Leave
Employees accrue sick leave bi-weekly at a rate of 3.70 hours and may be used after six months of employment.

Holidays
There are 12 paid holidays per year:

• New Year's Day
• Martin Luther King, Jr. Day
• Memorial Day
• Independence Day
• Labor Day
• Veteran's Day
• Thanksgiving Day
• Day After Thanksgiving
• Christmas Day
• 3 Floating Holidays (Pro-rated for the first year)

Jury Duty and Serving as a Witness
Employees who serve as jurors or witnesses will be excused from work and receive regular pay for the time served. Employees may keep any jury duty or witness fees.

Employee Assistance Program (EAP)
A confidential 24-hour service is available to help employees and family members handle difficult situations, such as finances, stress, substance abuse, family relationships, etc.

Military Leave
The company provides military leave of absence with pay (less military wages) for regular and probationary employees for 11 regularly scheduled working days of military service during each calendar year.

Safety
Sierra Pacific Power maintains a strong commitment to provide a safe, efficient, and productive work environment. We have a Drug and Alcohol Free Workplace Policy.

Wellness
The company provides a Wellness Program to help you keep fit and healthy and increase your health awareness. Incentives are paid for participation and low risk factors.

Workers' Compensation
Sierra Pacific Power is a self-insured employer under Workers' Compensation. This program provides employees who have a job-related injury or illness with medical care, disability benefits and rehabilitation services.

Retirement Plan
This is a company plan that, together with benefits from Social Security and personal savings, will provide employees' monthly retirement income. It may also be a source of income for an employee's spouse upon death of the employee, either before or after retirement.

Educational Reimbursement
The Educational Aid Program is designed to benefit you and the company by contributing to education costs to help enhance your performance. Under the BU L1245 plan, the company pays 100% tuition and 50% for books per course; (not eligible for lab fees). Limit for full-time annual employees is $2,500 and $1,250 for part-time employees.

Service Awards
Service recognition awards are given to employees who complete 1, 3, 5, 10, 15, 20, 25, 30, 35 and 40 years of continuous service with the company.

Employee Stock Program
Regular, full-time employees may purchase shares of company stock at a discounted rate through payroll deduction.

Employee Dividend Reinvestment Plan
Employees who are shareholders of Sierra Pacific Resources can choose to have their cash dividends and optional cash payments reinvested in shares of common stock.

Recreation and Leisure Activities
These include discount tickets to various theme parks, annual picnic for employees and retirees and other events.

The statements in this summary are not meant to be a contract for employment with Sierra Pacific Resources or any of its affiliates. This summary is not a complete, legal description of any benefits, nor is it meant to add to or change any of the official plan documents.