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Intel’s Retiree Organization

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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