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Lump-sum or monthly pension or?
If you know someone dealing with possible layoff, considering retirement, or has recently left, send them this link. Practical advice from HP and HPE alumni who have gone through past cycles: https://www.hpalumni.org/leaving (Public website. No password required.) (Feb 28, 2023)
From former employees of HP and HPE. (Oct 28, 2021) Website operated by volunteers. Not officially endorsed or supported. Question? Email: info@hpalumni.org
This page is one of the links on HPAA's Retirement Plan Menu.
Join the HPAA Finance Forum.
How to Choose a Financial Advisor. Member advice on sorting out the different types of financial salespeople and advisors.
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
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