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Site Map Contacts Benefits Medicare Stock Pension Finance Working Leaving HP/HPE Companies Join HPAA |
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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. Join the HPAA Finance Group. 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? 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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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. © 2022 Hewlett-Packard Alumni Association, Inc. • By using this site you accept these terms • Operated by volunteers. Not officially endorsed or supported. |
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