Intel's offer of Encore Fellowships is a sweet proposition for both those eligible to retire to pursue new fields and for local nonprofits, likely to get a boost from the knowledge experienced workers can bring.
In a major expansion of the Encore Fellows program, Intel is offering its active U.S. employees who are eligible to retire the chance to apply for Encore Fellowships.
Retiring Intel Corp. retirees who don’t want to sit idle can now spend up to a year lending their skills to a nonprofit under a new paid fellowship program. The Santa Clara, Calif.-based chip-maker – Oregon’s largest private employer – said it will be part of a major pilot program for Encore Fellowships, a project by Civic Ventures.
Encore Fellowships are getting a big boost, as Intel makes such fellowships available to all its U.S. employees eligible for retirement. Employees accepted into the program will receive a $25,000 annual stipend, funded by Intel, along with six months of health benefits if they bring their professional skills to nonprofits on a full- or part-time basis.
Larry Hara, 56, an engineer at Intel in Cupertino, Calif., isn't ready to retire, but he wants a break from his high-pressure job. Like many boomers, he wants to use his talents to make a difference. Hara will get a chance to take that step without walking off a cliff. In conjunction with Civic Ventures, Intel will match interested workers with nonprofits, where they'll work for six months to a year. Intel retirees admitted to the Encore Fellowship program will get a $25,000 stipend and health insurance.
Civic Ventures has attracted attention for pushing what it calls Encore Fellowships, which help workers reaching retirement age serve stints at nonprofits. Intel is giving the concept a big boost. The company is taking part in a pilot program that lets all Intel employees who are eligible to retire apply for such fellowships. Hewlett-Packard and Agilent have also sponsored Encore Fellows, but Intel is the first company to make such a broad commitment.
Nonprofit Launches Own Internal Encore Fellows Program
10/13/2011 - 10:36:15am
For more than 35 years, Aspiranet has been dedicated to creating permanent, lifelong connections for children and families located in California. After two years hosting Encore Fellows in the Silicon Valley EF program, Aspiranet has launched its own internal program.
Aspiranet's program has matched fellows from around Northern California with members of their executive leadership team. Fellows will be making contributions in strategy, site operations, new venture creation, business development, marketing and management development.
- by: lyle hurst | More >
We celebrate individuals from time to time for breaking new ground or delivering creative, efficient solutions to public problems. But rarely do we pay attention to where tomorrow's innovators will come from. At City Year and Civic Ventures, this "new pipeline" approach is built into the mission of our organizations. We share an expectation that we should be engaging people in solving, or building capacity to solve, their communities' problems.
Older workers, the argument goes, are “sucking the oxygen out of the atmosphere.” Any job found is one that a younger person will be denied; any social support received for this stage of life is one they won’t get for theirs – and will have to pay for later." Suzanne Braun Levine, author of Father Courage: What Happens When Men Put Family First and Civic Ventures board member, discusses work-family conflict.
2011
1st Act Silicon Valley
Hispanic Foundation of Silicon Valley
RAFT – Resource Area for Teaching
Marine Science Institute
Tahoe Prosperity Center
2010
Aspiranet
Krause Center for Innovation
Partners in School Innovation
Youth Science Institute
2009
Citizen Schools in California
Community School of Music + Arts
Youth Community Service
Environmental Volunteers
Silicon Valley Education Foundation
