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Transcript of 1 Intel’s Retiree Organization. 2 Why We are Meeting Today To educate you on the Intel Retiree...
1
Intel’s Retiree Organization
2
Why We are Meeting Today
To educate you on the Intel Retiree Organization (IRO)
To ask for Intel support & sponsorship
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Intel Retiree Demographics
~2200 500+ Oregon 400+ Santa Clara/Bay Area ~400 Arizona 150 Folsom 150 Massachusetts
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Intel Retiree Organization Board Started operating in 2001 as an
Oregon/Washington only alumni volunteer group (IAV) By laws created 2002 that restricted
membership to retirees 2006 presented at Santa Clara &
Arizona RUM’s as part of their 2006 Objectives July 2006, Tracy Koon, Barb Frank, & Sharon
Bernier joined to work on expanding efforts to all major Intel US sites
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Current Status 15 self-appointed board members meeting monthly for
2 hours, plus committee activity: Oregon Socials & Events Committee (Judy Goodman chair) By Laws Committee (Dollie Smith chair)
Revising form IAV to IRO Structure Committee (Elyce Wair chair)
Revising to reflect multiple sites & need for fomal roles & responsibilities
Medical Benefits Committee (Ben Manny chair) Communications Committee (Barb Frank chair)
Website sub-committee (John Coutu chair)
5 new board candidates pending structure revision – 2 for Bay Area, 1 for Folsom, 1 for New Mexico, & 1 for Arizona
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Current “Involved” Status ~600 of the 2200 have “opted in” for email communications Surveys have been conducted with Oregon, Bay Area, &
Arizona retirees with ~30% response rate of “opted” in retirees
Key Findings include: Healthcare a top concern, especially for under 65 folks
What are the best options? Retirees want a more formal structure with stronger
linkage to Intel, the company – willing to pay dues/membership fees
Website needs improvements: Directory is not dynamic Content is not relevant to retirees – examples:
Volunteer Activities are not linked or posted Intel Strategic Info not linked i.e. the blog
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2007 Revised Mission Statement
To make meaningful and positive difference for Intel retirees, the Company, our local communities, and current employees planning for retirement
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The Intel RelationshipWhat has worked Support for the Newsletter Support for conference rooms and bridges,
Oregon only Intel Matching dollar support for
United Way contributions Education contributions Volunteer time for education
New email address exchange process for opt in retirees between Intel and the Board
Intel funded dinners and picnics, Oregon only Intel Rums until they were discontinued
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The Intel RelationshipWhat has not been successful Maintaining an Intel VP champion senior to
lobby for and obtain resources for retirees, especially now that we are expanding to other sites (scalable support system)
Website support at a level that is valuable to retirees/ not just an info center for Intel
Utilizing retirees as advisors for health care benefit negotiations and prioritization
On going support for RUMS
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Q4 2007 IRO Plan
Intel Retirees Manage & Fund with Membership
fees: Structure Independent website Activities & events Clubs Special projects Newsletter content
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Intel Support Recommendation Continue email & home mail list management Continue newsletter printing and distribution Continue bridges for board meetings Continue Intel liasion to the IRO board Add bridges for all IRO business (Committee
meetings, etc.) Add RUMS or some alternative to keep us
briefed on company strategies Add education of IRO opportunity to
employees planning for retirement (sanctions IRO)
Add V.P. sponsorship & involvement
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Next Steps?
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Back Up
History of Oregon/Washington Group
2006 Brochure Value Proposition
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History – Oregon/Washington Group
Core Group Formed guided by Volunteer America, Intel Management, & RetiresMonthly Meetings, Mission Statement, Vision Elements First Annual Retiree DinnerRetiree brochure developed
2001 2002 2003 2004 2005
By Laws Finalized First Retiree Business Update MeetingRetired Employee Web Site createdRetiree Data Information Shared (secured)Volunteer activities to 4-H, Community Action,Developed Robotic program, program forHomeless, etc
IOIC, YWCA, SOLV, ISEF, Retiree Volunteers and StudentsMatching Grant Program for Donations, Volunteer TimeFeedback for Intel Retirement Medical PlanNewsletter CreatedRetiree Web Site Evolved, ImprovedInvesteers Created - Investment Education Interest Group
RUM Rolled out at Other Sites
420 Retirees, ( 300 in Local Area ) 10+/- Attendees at Monthly Social events 311 Email List Participants ………………………………….. The Annual Dinner Eliminated Rums cut back to 3 at Retiree request – then Cut Back to Semi- annual by Intel Direct Contact with Retirees revised – Opt-in process Lost Several Board Members
40+ RUM Attendees 80 at Annual DinnerQuarterly NewsletterVolunteer Activitiescontinue
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2006 IRO BrochureIntel Retirees of
Oregon & Washington
Won’t you join us? Within the next few years, over 10,000 Intel employees will be eligible for retirement. Those of us who have crossed the chasm all ready have worked hand in hand with Intel to develop programs that provide opportunities to enhance our retirement years. We expect our desires and needs to change over the years so it is important to maintain our connection to Intel and each other to ensure that we provide feedback and that we are part of the decision process. Retirees are advocates for Intel in the community. The name Intel carries a lot of respect and expectation. It is important that Intel provides up-to-date information on their vision and direction so we can continue to speak with “one voice” to the community. The retiree group becomes the communication link.
Be informed – Stay Connected It is as easy as 1, 2, 3. 1. Sign up on our website. (Add opt in url here). 2. Bookmark the home page. http://www.intel.com/employee/retiree/
3. Check back frequently and participate in the social and community offerings as desired or as time allows. Consider joining the board and help develop new programs and benefits for retirees.
Our accomplishments to date
include:
Developed by-laws Established Board of Directors Began involvement in volunteer
opportunities with several non-profit organizations
Supported Intel Oregon Information Center and Intel Science & Engineering Fair
Negotiated with Intel for Retirees to get matching $ for gifts and volunteer hours to educational institutions
Created a quarterly newsletter Designed and developed an
Oregon/Washington specific Retiree website done in partnership with Intel Corporation
Reviewed jointly with Intel, retiree collateral to ensure clarity and ease of use
Reviewed jointly with Intel, retiree medical benefit requirements
Established twice yearly RUMs (Retiree update meetings) with Intel managers presenting – now at 4 locations
Formed an investment club Held monthly luncheon socials Held annual picnic and dinner Held ad hoc events based on retiree
interests Created of an email account for retiree
questions Created a retiree email list to keep us
connected and informed
What Retirees have to say:
“The continued participation of retirees and Intel in this program is essential if retirees want to ensure that their needs are considered in future Intel decisions.” “It is a way to connect with others who are part of the Intel experience and culture – a chance to meet new people with like interests and explore new opportunities with a great group of people.” “The volunteer activities provide an opportunity to utilize skills, passions and expertise while making a difference in someone’s life.” “We like to travel. The volunteer opportunities are flexible enough to allow us to contribute and still enjoy our other interests.” “The RUM meetings make me feel connected to the direction and vision of Intel. We have been fortunate to have such high-ranking managers present the business updates. It shows how much retirees are valued.”
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2007 Value PropositionHow Retirees Can Help Intel: Retirees help enhance Intel’s corporate reputation
and serve as important “ambassadors/evangelists” in our neighborhoods and communities by:
Being actively involved in the company’s volunteer programs
Creating specific programs where retirees can add value as a group
Supporting the Intel Foundation Matching Gifts to Education
Supporting the government and public affairs programs that Intel cares about
Providing Intel with an experienced and positive group of advocates for the company and its programs
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2007 Value Proposition
Given that many are politically and socially active, retirees can act as “advisors” to Intel Retirees can share local opinions/issues on
government and public affairs programs Retirees can help current employees
transition into retirement by sharing what we have learned during the process
Retirees can provide meaningful input into compensation and benefit programs, like healthcare
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2007 Value Proposition
How Intel Can Help Retirees: By including retirees as an integral,
valued and contributing part of Intel – viewed as part of the Intel family: Naming appropriate VP level sponsor(s) for
the Intel Retiree Organization to represent and advocate for retirees at the highest level
Helping retirees keep current with the company’s strategies, positions and activities and their roles in them
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2007 Value Proposition Give the Intel Retiree Organization the
resources needed to deliver on their roles and goals
Budget to support communication and membership efforts such as newsletters, local events, etc.
Internal resources (people, facilities, etc.) to provide updated home addresses & email lists; Intel campus rooms & conference call support for board member meetings; retiree website support; etc.
Key liaison(s) that represent and advocate for retirees
Provide a proactive network so retirees can maneuver efficiently & effectively through Intel
Solicit and seriously listen to retiree input on issues such as healthcare benefits
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2007 Value Proposition
How Retirees help Retirees: Build an organization that meets the current
and changing needs of our retiree population Grow the organization and leverage the power
of the group to meet the needs of both the retirees and our communities
Provide a network of communication and support & create a strong social network
Continue to add value by exploring and implementing new programs/features such as speakers, clubs, job referrals, etc