Lump Sum. HP/HPE Alumni

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Lump-sum or monthly pension or?

Advice and reference info from members of the independent HP Alumni Association. (Updated Oct 28, 2021.) Website operated by volunteers. Not officially endorsed or supported. Comments: info@hpalumni.org

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An Oct 28, 2021 note that affects this discussion: HP converted many pensions to insured annuities. Many retirees who were receiving monthly U.S. HP, DEC, or EDS pension payments that commenced on or before November 1, 2020 -- had their pension plan converted from a company pension administered by Fidelity to an insured annuity provided by Prudential. Details: Pension Transition

We have notes from two earlier discussions by HPAA members on this website:

1. Advice on buyouts from AARP, the non-profit Pension Rights Center, and from HP. And member comments from private and online HPAA discussions. Plus: What if HP goes out of business?
Go to: https://www.hpalumni.org/lumpsumfactors

2. A detailed analysis by an HPAA member: https://www.hpalumni.org/lumpsumfactors2

Also a discussion of the HP EDS pension lump-sum buyout offer of May 2020: https://www.hpalumni.org/lumpsum2020

If formerly a regular, direct U.S. employee of HP or HPE -- or are in the process of leaving -- join the HP Alumni Association. No charge, thanks to HPAA's Supporting Members.