If you retired between Jan 1 and Aug 5 of this year, check your bank account for a rather large payment from Intel. I won't say number in case it can be traced back. Also don't forget that you also get prorated APB next year.
7 replies (most recent on top)
@kbz
So is the QPB. My July QPB gross was $39. After withholdings net was near nothing.
Any idea if the retirement payout was only for this pay period. Didn’t see any payment.
Intel does a good job rewarding retirees. I took the early retirement in 2016 with a great package. Came back to work a few years later at a higher grade. Left again after a few years. I was over 60 when I left so it was treated as retiring again. Got accelerated stock vesting and the pro-rated APB the following year.
Poor non exempts, the APB is a joke for them.
Delirious
Happy to get it but why? How did they determine the amount?
yess free money.