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DEC Pension (Digital Equipment Corporation)  (Page updated Feb 13, 2026)

[From the independent HP/HPE Alumni Association. Not officially endorsed or supported.]

HPInc is the overall legal successor to Hewlett-Packard and to companies acquired by Hewlett-Packard before Nov 1, 2015 – Compaq, EDS, etc. – regardless of whether a business unit ended up in HPInc or HPE.  For employees of HP -- and predecessor companies -- who left before the HPInc/HPE separation, responsibility for any health or retirement benefits varies from country to country, depending on employee population. For the US, HPInc has responsibility. For Canada and UK, HPE has responsibility. In many countries, plans were split between HP Inc and HPE. See: https://www.hpalumni.org/WhichCompany


Received a "Potential Private Retirement Benefit" letter from U.S. Social Security? How to decode and who to contact: https://www.hpalumni.org/PotentialBenefitLetter

For details of a U.S. employer retirement or health plan, obtain a copy of the legal Summary Plan Description ("SPD"). Log into the plan administrator's website or call. They are required by law to provide the SPD upon request. The current SPD takes precedence over any other written, online, or verbal information you may be given -- but is still subject to change. https://www.hpalumni.org/SPD-decode

DEC Pension:

- The benefits originally promised assumed continued high profit levels. Such benefits plans were closed to new participants years before the company was sold to Compaq.

- DEC retirees report that Compaq (which which never had a pension program for its own employees) -- and now HP (which had a much-less-generous program) -- have lived up to DEC's U.S. pension commitments.

- Of HPInc's many predecessor companies, only HP, DEC, and EDS ever had US pension plans -- setting aside money over the years in dedicated trust funds. Employees of other acquisitions did not get credit under HP's pension programs for service at the predecessor -- but generally did get service credit for other benefits. Details on HP-related pensions: https://www.hpalumni.org/RetirementPlans

- U.S. pension change. In 2020, HP Inc irrevocably transferred pension administration and $5.2 billion in payment obligations for 41,000 U.S. HP, DEC, and EDS retirees to Prudential Insurance Company
through the purchase of a group annuity contract. Business later sold to Empower. Details: https://www.hpalumni.org/pension2021

- If you were employed by DEC prior to Mar 1, 1996: You may have a benefit under the HP Cash Account Pension Plan. Plan details in this HP document, which may be out of date: https://www.hpalumni.org/CAPP_2008_SPD_Cash_Account_Pension_Plan.pdf  The current SPD takes precedence over any other written, online, or verbal information you may have been given -- but is still subject to change. The employer's plan administrator is required by law to provide the SPD upon request. How to obtain and decode: https://www.hpalumni.org/SPD-decode

- The HP Retirement Service Center is the primary administrator for HP Inc U.S. pension and 401(k) accounts, including any accounts for companies that Hewlett-Packard acquired before Nov 1, 2015 (Compaq, DEC, EDS, etc.) Operated by Fidelity Investments. 1-800-457-4015 (If no password, keep hitting #.) (Outside US 1-508-787-9902 collect.) https://nb.fidelity.com (Don't go to a local Fidelity office, which is focused on sales.)

- Benefits depend on the choices the employee made. At various times available pension options may have included lump sum, monthly payment, reduced monthly payment with survivor benefit, etc.

- Join the HPAlumni Finance Forum Covers topics such employee stock, 401(k), pensions, and other financial issues from an ex-HP/HPE perspective. .

- UK Pension -- HP, DEC, EDS. Links and member advice: https://www.hpalumni.org/country-uk 


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