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For EDS Alumni (Electronic Data Systems Corporation)  (Updated Sep 20, 2021.) 

Website operated by former employees. Please send comments to info@hpalumni.org

Information from EDS alumni for EDS alumni -- whether or not you ever worked for HP...

Pension change. If you have been receiving monthly U.S. HP, DEC, or EDS pension payments that commenced on or before November 1, 2020 -- your pension plan *may* have been converted from a company pension administered by Fidelity to an insured annuity provided by Prudential. Details: https://www.hpalumni.org/pension2021

Successor company.

EDS was sold to the Hewlett-Packard Company on Aug 26, 2008. Before the announcement, EDS sales were up 3% but net income was down 62% year-over-year. Stock peaked at $72 in 2001 but was down to $19. HP paid $25 per share in cash, $13.9 billion -- a 32% premium.

HP Breakup. On Nov 1, 2015, the legal name of the Hewlett-Packard Company was changed to HP Inc. and a new, independent company -- Hewlett Packard Enterprise (no hyphen; singular; green-rectangle logo) -- was spun out. Portions of HPE were later spun out into DXC and Micro Focus, which have spun out other companies. Details: HP Breakup

HP Inc. is the legal successor to the companies acquired by the Hewlett-Packard Company before the company was split into HP Inc. and Hewlett Packard Enterprise (HPE.) Responsibility for any commitments to former employees of Autonomy, Compaq, Digital, EDS, Tandem, etc. remain with HP Inc. -- regardless of whether the employee's last business unit ended up in HP Inc. or HPE. This includes employment verification and any retiree health coverage, pension, 401(k), etc. plans. HPE is responsible for any commitments to former employees of companies acquired by HPE, such as Cray, Nimble, etc.

Contacts at HP Inc. -- the successor company: HP contacts 

Financial issues.

Which HP-related companies am I a retiree or former employee of? (Not always obvious.) Given HP's complex history of acquisitions, divestitures, and spinoffs, the company or companies that you are legally a former employee of may not be obvious. If any doubt, check here: Which Company

Make sure that every company you ever worked for has your current postal address. Even if not classified by the company as a "Retiree" or if long gone -- in case of pension plan changes, employment lawsuits, settlements, or other issues. Update address at former company

"Potential Private Retirement Benefit" letter from Social Security. Reports the last transaction in a benefit plan that you were once enrolled in. If "Type of Benefit" is coded "A" -- in the previous year, you rolled the money into a different plan, bought an annuity, or took the cash. "M" if you left before vesting in that plan. How to investigate: https://www.hpalumni.org/PotentialBenefitLetter.

You may have an EDS pension. If you were employed in the U.S. by EDS or "EDS, an HP Company" before January 1, 2009 you may have an EDS pension that you have forgotten about. https://www.hpalumni.org/edsPension

Time to untangle your stock! No one but you really cares about your employment-related stock. You may now have stock in up to seven HP-related companies. Your stock may not all be in the same place, or be registered to your current postal address. You may need to find stray accounts or retrieve lost stock, dividends, or cash payouts. The IRS does not have the ability to independently determine your cost basis; you may need to estimate it. An HP Alumni team has developed a step-by-step process. Employee Stock

Stock issues for former EDS employees. https://www.hpalumni.org/StockEDS

Benefits issues for EDS alumni -- including 401(k), HP and HPE retiree benefits, vehicle discounts. Report disability or a death to the company. https://www.hpalumni.org/edsBenefits

Career.

Career and employment issues for EDS alumni. Openings posted by recruiters searching for EDS background. Employment verification. Leaving HP. Untangling and strengthening your LinkedIn profile. Networking with other EDS alumni. https://www.hpalumni.org/edsCareer

Check your LinkedIn profile! You may be surprised. LinkedIn has changed how employers are identified -- dropping employers and modifying profiles without notice. In addition, HP positions were changed to HPE. You want recruiters to believe your profile -- and former co-workers to find you. Many former EDS folks have the wrong company on their LinkedIn profile. A recruiter searching for ex-EDS people may not find you. Step-by-step instructions on how to get the correct company and the blue "bowling ball" logo: https://www.hpalumni.org/LinkedInPositions

Networking.

LinkedIn. Benefits discussions related to EDS service. Career discussions. EDS history. Job openings posted by recruiters searching for EDS background. EDS Alumni LinkedIn Group.

Facebook. There are many independent company alumni social groups on Facebook -- reliving the good times, reconnecting with people you worked with, and memorializing those who have passed. Leading examples -- and how to find Facebook groups that match your career experience: Facebook groups for HP, successors, and predecessors

EDS history and culture. Classic EDS ads. "The lost legacy of EDS." Books about EDS. Sale to HP. Corporate names. Perot. https://www.hpalumni.org/edsHistoryCulture

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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. Membership is also open to heirs with HP-related stock and to those receiving company benefits -- spouses, partners, dependents, DEC and EDS retirees. No charge, thanks to HPAA's Supporting Members.

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