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Other benefits issues for EDS alumni. (Electronic Data Systems Corporation)  (Sep 24, 2023)

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Key contact: The HP Retirement Service Center is the primary administrator for HP Inc U.S. pension and 401(k) accounts, including any accounts for companies that Hewlett-Packard acquired before Nov 1, 2015 (Compaq, DEC, EDS, etc.) Operated by Fidelity Investments. 1-800-457-4015 (If no password, keep hitting #.) (Outside US 1-508-787-9902 collect.) https://nb.fidelity.com (Members advise that local Fidelity offices are focused on sales.)


See all our information for EDS alumni -- pension, stock, career, networking, EDS history/culture  -- whether or not you ever worked for HP: https://www.hpalumni.org/eds


Legal successors and company names. 

EDS sale to Hewlett-Packard. Due to declining growth and profits, EDS stock was down to $19 -- from $72 in 2001. EDS management and board negotiated the sale for $14 billion -- $25/share, a 32% premium. Completed Aug 26, 2008. EDS was temporarily structured as a subsidiary, "EDS, an HP Company." On Sep 23, 2009, it was renamed "HP Enterprise Services."

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

HP Inc. is the overall legal successor to companies acquired by Hewlett-Packard before the company was split into HP Inc and Hewlett Packard Enterprise on Nov 1, 2015. In general, responsibility for original commitments to former U.S. employees of Compaq, DEC, EDS, etc. remain with HP Inc. – regardless of whether their last business unit ended up in HP or HPE. (Canada and UK: HPE. Other countries vary.
Country-by-country details)


Which HP-related companies have me classified as a retiree or former employee? Due to acquisitions and spinoffs, this may not be obvious. Check here: Which Company

Make sure that the legal successor to 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

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

UK Pension -- HP, DEC, EDS. HP Limited Retirement Benefits Plan, administered by Equiniti. https://hprbp.com  Second Equiniti site: https://edspensions.co.uk


Received a "Potential Private Retirement Benefit" letter from Social Security? How to decode the letter and who to contact, if necessary: Potential Benefit letter (If the Plan Name is "EDS Payroll Stock Ownership Plan" instead go to EDS Stock, which describes how EDS stock was retired.)

If you have paper stock certificates. What to do: Stock Certificates

EDS 401(k):

- The HP Retirement Service Center is the primary administrator for HP Inc U.S. pension and 401(k) accounts, including any accounts for companies that Hewlett-Packard acquired before Nov 1, 2015 (Compaq, DEC, EDS, etc.) Operated by Fidelity Investments. 1-800-457-4015 (If no password, keep hitting #.) (Outside US 1-508-787-9902 collect.) https://nb.fidelity.com (Members advise that local Fidelity offices are focused on sales.)

- The key document for a US employee retirement or health plan is the legal Summary Plan Description (SPD). It includes plan details and an address at the employer for appeals. The current SPD takes precedence over any other written, online, or verbal information you may have been given -- but is still subject to change. The employer's plan administrator is required by law to provide the SPD upon request. How to obtain and decode: https://www.hpalumni.org/SPD-decode

- Members indicate that the EDS 401(k) was administered by Vanguard before EDS was sold to HP.

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

Service at predecessor companies. Of the many predecessor companies, only HP, DEC, and EDS ever had U.S. pension plans. Only HP and DEC ever had U.S. retiree healthcare plans. Over the years, the companies set aside money in a dedicated trust fund for each plan. The benefits originally promised assumed continued high profit levels. Each plan was eventually closed to new participants.

Employees of other acquisitions did not have those expectations and there were no plans -- with associated trust funds -- to pass on to an acquiring company.

As employees were added to the retirement plans in effect at the time of acquisition, they did not get credit for service at the predecessor. However, they generally did get service credit for other benefits, such as vacation/FTO.

Death or disability of a former employee. Stock, pension, dependent health coverage, and other issues: Member advice

Vehicle discounts. GM owned EDS from 1984 to 1996. Current eligibility and sponsorship rules for GM retirees, former GM employees, widows and widowers of former GM employees, and GM Family Legacy Program: https://www.gmfamilyfirst.com/


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