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Operated by former employees who volunteer their time. Not endorsed or supported by the company.

Check your final payout amount

Check that you actually received the gross (pre-tax-withholding) severance payment or PRP bonus that you are supposed to get. (The withholding tax rate may be very high. It is calculated per IRS formula as though you make that much on every check throughout the year. You will get credit for this when you do your taxes.)

A couple of members have indicated that they didn't receive the correct amount -- caused by incorrect data in HP's system for their termination date, years of service, part-time vs. full-time status, or some other factor.

As part of the WFR or PRP, you received a legal document called a "Summary Plan Description." (SPD) The Summary Plan Description you were sent defines how your severance payment or PRP bonus are to be calculated.

 

In addition, an SPD gives the procedure to deal with errors, including:

1. An address to file a formal written claim with the company and

2. A second address to appeal a denied claim at Corporate Legal in Palo Alto.

Note that there are deadlines. You should send your written claim or appeal via Certified Mail or some other means that provides proof of delivery.

The wording refers to "ERISA" -- the Employee Retirement Income Security Act of 1974 (ERISA.) This is a legal issue involving conformance to federal law.

3. The third level of escalation is with your state's Department of Labor, which is charged with enforcing state law. (For example, one member referred to submitting a "Wage and Hour Complaint Form" to the Colorado Department of Labor.)

With the large number of people being laid off, the resulting workload for people handling these issues, and the separation into HP Inc. and Hewlett Packard Enterprise -- there are plenty of opportunities for error.

Check the numbers!

Questions or comments to: info@hpalumni.org

The Hewlett-Packard Alumni Association is a 28,000-member independent volunteer organization of former HP, HP Inc, and Hewlett Packard Enterprise employees and current employees in the process of leaving. Operated by former employees who volunteer their time. Not endorsed or supported by the company.


For more mutual help on this topic and many others, join the independent HP Alumni Association. If you were formerly a regular, direct employee of Hewlett-Packard, HP Inc, or Hewlett Packard Enterprise -- or have a defined retirement or termination date, join the HPAA. No charge, thanks to HPAA members.


 2018 Hewlett-Packard Alumni Association, Inc.  By using this site you accept these terms  Operated by former employees who volunteer their time. Not endorsed or supported by the company.