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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. (Dec 19, 2024) Not officially endorsed or supported. Click to join the HPAA Question? Email us: info@hpalumni.org
This page is one of the links on HPAA's Retirement Plan Menu.
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Member Advice: How to Choose a Financial Advisor. You need to understand the role and motivations of each person and company.
An Oct 28, 2021 note that affects this discussion: 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: hpalumni.org/pension2021
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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