Plan Your Departure

As you plan to end your employment with DSM, be sure to review the following information to help ensure a smooth transition to the next stage of your personal and professional journey.

Exiting checklist

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Discuss plans for your departure with your manager. If possible, assist in transitioning your current responsibilities to other colleagues.
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Make arrangements to return all company property, including laptop computers, mobile devices, and company credit cards.
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Review your options for continuing benefits and complete any necessary action steps.

Benefit options

  • Medical, dental, and vision plans — In most cases, you have the option to continue your medical coverage through COBRA. You will pay the full premium cost of these plans, plus an administrative fee, without any subsidy from DSM.
  • Flexible Spending Accounts (FSA) — If you participate in an FSA, you can continue using your FSA(s) if you elect COBRA, which will allow you to continue spending any remaining balance in your account(s) at the time of your termination. You may not contribute any additional amounts to your account(s).
  • Health Savings Account (HSA) — If you participate in an HSA, you will continue to own your account after you leave DSM. You will not forfeit any unused balance, and you do not need to enroll in COBRA to access your HSA funds. However, your payroll contributions will end once your employment ends. If you wish, you may make after-tax contributions and then deduct them on your income tax return.
  • Life Insurance — Contact your life insurance carrier directly if you’d like to continue your life insurance coverage as an individual policy.

Note: participation in the Health Care FSA (both the Health Care and Limited) ends at the end of the month in which you terminate.

  • Dependent Care FSA — You have 90 days following your termination date to submit dependent care FSA claims incurred from January 1 through your last day worked.
  • Health Care FSA — You have 90 days following your termination date to submit health care FSA claims incurred from January 1 through the end of the month in which you terminate.
  • 401(k) Plan — In addition to the above options, if you participate in the DSM 401(k) Plan, you can roll over your vested account balance into another qualified plan through a new employer or into an Individual Retirement Account (IRA). If you have a balance of $1,000 or more, you have the option of leaving your account balance in the plan although your payroll contributions and DSM’s matching contributions will end when your employment ends.