To help you think about how your life change will affect you, review the following list.
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What will happen to your health care coverage? Active medical, dental, vision coverage and Resources for Living benefits end on the last day of the month in which employment ends. You may be able to continue coverage under COBRA. |
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What happens if you’re participating in a Health Savings Account (HSA)? If you are enrolled in the HDHP option with HSA, the funds in your HSA are yours to keep, including any company contributions. |
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What happens if you’re participating in the Health Care Flexible Spending Account (HCFSA) and/or the Dependent Day Care Flexible Spending Account (DCFSA)? Your active coverage in the Flexible Spending Plan will end on the last day of the month in which your employment ends. |
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Are you interested in continuing life insurance coverage? If so, you may be able to port or convert some coverages. |
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What happens to your pension benefits? |
- Call the Benefits Center (800-965-4421) or 646-254-3467 (international callers) or visit Phillips 66 Benefits Center. On Phillips 66 Benefits Center, you can view the retirement checklist, read how to choose the best form of payment, model your retirement benefit and commence your retirement when you are ready.
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What happens to your Phillips 66 Savings Plan account? |
- To learn about options regarding your account, visit Vanguard and accessing your account. Or, you may call Vanguard Participant Services at 800-523-1188.
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Will you need to update your beneficiary designation? As you plan to leave the company, it’s a good idea to ensure your beneficiary designations are current. |
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Do you have Restricted Stock Unit awards that might be affected by your separation of service? |
- Outstanding Restricted Stock Unit awards that have not lapsed could be forfeited upon your separation. Log onto the Connect Total Rewards Compensation page to view RSU information. You will need to be logged into the Phillips 66 network to access this page.
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Will you be changing your address? |
- Go to My HR Tools, click on personal info and the home address tab.
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