Welcome to the U.S. leaving Intel web site. This site contains key information regarding final pay and benefits for employees whose employment with Intel has ended.
After leaving Intel, it is critical to ensure you have a current mailing address, telephone, and/or email address on record with Intel for at least 18 months so that you receive tax and benefit information in a timely manner.
NOTE: To receive your W2 in a timely manner, your change of address must be received by the end of the first week of December of that year.
To make changes to your personal employee data, please contact the Intel Contact Center at (800) 238-0486 (Monday-Friday from 9:00 am to 4:00 pm Pacific Time).
To continue receiving important information regarding your 401(k) and/or Profit Sharing Accounts, you must contact Fidelity directly at (888) 401-7377 to update your personal information and address changes.
To update your personal data for your Stock accounts, contact E*TRADE at (800) 838-0908.
Pay Check Delivery
Standard Final Paycheck Delivery is typically direct deposited on the next regular pay cycle.
Exempt Base Pay Calculation
Final base paycheck is calculated using the following formula: Annual pay X days worked divided by 24, divided by days in a pay period.
Exempt Paid Time Off
Unused vacation time will be paid out at termination for California and Massachusetts employees only.
Non-Exempt Paid Time Off
If your employment with Intel ends, you will receive payment, at your final rate of pay, for any vacation you have earned but not taken. Earned, unused floating holiday(s) will be paid out upon termination for California employees only.
Non-Exempt Personal Absence (PA)
If your employment with Intel ends, any unused PA will be paid out. PA time is converted to cash as follows:
The payout of a QPB or APB bonus requires an employee to be employed on the Intel payroll through the last day of the applicable bonus period (March 31 for first quarter (Q1) QPB, June 30 for the second quarter (Q2) QPB, Sept. 30 for the third quarter (Q3) QPB, and Dec. 31 for fourth quarter (Q4) QPB and APB). No prorated bonuses will be paid if the termination effective date in Workday is before the last day of the applicable bonus period.
Involuntary Separation Program Pay
You could receive anywhere from one to four checks when you leave Intel due to an involuntary separation action. Applicable taxes, deductions, and withholdings will be taken out of the regular base earnings checks. Applicable taxes are deducted from Variable Separation Pay at the supplemental rate, as required by law. The Healthcare Supplemental Payment is tax protected. And SPP, if you are enrolled, will be paid out in a separate check within 2-4 pay periods.
Stock Grants and Employee Stock Purchase Plan (ESPP) — E*TRADE
It is your responsibility to understand the impact terminating your employment has on your stock benefits, including the expiration rules and associated dates for each of your grants. To review the details of your stock account with a E*TRADE representative, call (800) 838-0908.
If you terminate employment with Intel before the end of a subscription period, you will receive a full refund of your ESPP contributions for that period within 2-4 pay periods after your termination. Stock will not be purchased for you, and you will not receive interest on the money you contributed to the Employee Stock Purchase Plan for that period.
You can keep your E*TRADE account after leaving Intel as long as there are assets/holdings in that account. It will be subject to the same fees as prior leaving the company. If there will be changes in the future with regards to the terms and conditions of your E*TRADE account, it will need to be managed by you and E*TRADE.
Intel 401(k) Savings Plan and Profit Sharing — Fidelity
Within 30 days of leaving Intel you will receive a distribution packet from Fidelity that explains each of the options available to you for your Intel 401(k) Savings Plan accounts — 401(k) and Profit Sharing balances.
NOTE: There is a 30 day hold from termination dates on all Fidelity distributions.
To initiate a distribution from your 401(k) and/or Profit Sharing Accounts, contact the Fidelity Service Center at (888) 401-7377, Monday-Friday (excluding New York Stock Exchange holidays). Representatives are available between 5:30 a.m. and 9 p.m. (Pacific). Access to your Intel 401(k) Savings Plan account does not cease upon leaving Intel — you can still log in from anywhere, 24 hours a day at www.netbenefits.com/intel.
If you have an outstanding loan at the time of termination or retirement, you will receive a coupon book which can be used to continue to make your loan repayments.
Contact Fidelity directly at (888) 401-7377 to update your personal information and address changes.
Intel Health Benefits Center
MetLife Customer Service
Minnesota Life Customer Service
Fidelity Service Center
Flexible Spending Account (Health FSA) and Dependent Care Assistance Program (DCAP)
Health FSA and DCAP contributions end with your last paycheck. If you have funds remaining in your Health FSA, you can submit claims for expenses incurred between January 1 of the current year and your termination date. You have until May 31 of the following year to submit them. For DCAP, you can submit claims for expenses incurred between January 1 and December 31 of the current year. You have until May 31 of the following year to submit them. Any money that remains in your Health FSA or DCAP accounts after May 31 of the following calendar year is forfeited, as required by IRS regulation.
Health FSA only: You may be eligible to elect the Health FSA through COBRA continuation. Since there are no tax savings on contributions made to the Health FSA through COBRA (contributions are made on an after-tax basis), you are encouraged to consult with your tax advisor to determine if electing Health FSA COBRA will be beneficial.
Information and claim forms are available on the My Health Benefits website or contact an Intel Health Benefits Center Representative at (877) GoMyBen (877-466-9236).
Life insurance coverage ends at midnight on the last day of the month in which your employment ends.
You may have the option to purchase coverage directly from the insurance provider. Once MetLife receives your termination information (after your term date) they will mail a conversion/portability packet to you. You must elect coverage within 30 days of the mail date on the packet sent to you.
Contact a MetLife Customer Service representative at (877) 770-4638 for an application to purchase Group Life and Accidental Death and Dismemberment (AD&D) insurance.
Short Term (STD) and Long Term Disability (LTD)
Intel STD and LTD insurance end at midnight on your last day of employment. Find more information at the My Health Benefits web site or contact an Intel Health Benefits Center Representative at (877) GoMyBen (877-466-9236).
Disability claims established prior to termination will be paid if they continue to meet plan provisions.
If your decision to leave Intel is due to a permanent disability, you will need to understand the differences in benefits that may be available to you. To find more information contact Reed Group at (866) 532-5664.
Call the Intel contact center at (800) 238-0486, Monday–Friday: 9:00 a.m. to 4:00 p.m. (pacific time)