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Lump-sum or monthly pension or?
From former employees of HP and HPE. (Updated Sep 21, 2026) Not officially endorsed or supported. Click to join our forums Question? Email us: info@hpalumni.org
This page is one of the links on HPAA's Retirement Plan Menu.
This topic is discussed on the HP Alumni Association Finance Forum.
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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 by purchasing a group annuity contract. Applied only to those who were currently receiving monthly payments (and did not have a Qualified Domestic Relations Order.) Amounts and terms did not change. Other pensions are still administered by Fidelity. Fidelity has the historical records. Prudential later sold the business to Empower; however payments are sent from Prudential Tax Service. Details: hpalumni.org/pension2021
We have notes from two earlier discussions by HPAA members on this site:
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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