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Lump-sum or monthly pension or?

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

This page is one of the links on HPAA's Retirement Plan Menu.

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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.


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