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Other benefits issues for EDS alumni. (Electronic Data Systems Corporation)  (Updated May 6, 2021.)

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

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


Key: Legal successor and corporate names. 

- EDS was sold to the Hewlett-Packard Company on Aug 26, 2008. EDS stock peaked at $50 to $72 in 2001 but was down to $19 before the announcement. HP paid $25 per share in cash, $13.9 billion -- a 32% premium.

- 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.

- EDS was temporarily structured as a wholly-owned subsidiary called "EDS, an HP Company." On Sep 23, 2009, it was renamed "HP Enterprise Services."

- On Oct 21, 2015, Hewlett-Packard Company spun off Hewlett Packard Enterprise (no hyphen; singular.)

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. (HP Inc. is the legal successor to companies bought by HP -- including Compaq and EDS. HPE is successor to companies it bought -- Cray, Nimble, etc.) Update address at former company

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

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


"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.

EDS 401(k):

- The HP Retirement Service Center administers pension and 401(k) accounts for HPInc (legal name changed from Hewlett-Packard Company to HP Inc. in 2015.) Also administers any pension or 401(k) accounts that Hewlett-Packard predecessor companies (such as Compaq, Digital, and EDS) may have had. Operated by Fidelity Investments.
1-800-457-4015, M-F 7:30 AM to 11:00 PM Central Time. Outside the U.S., call 1-508-787-9902 collect. Website: https://nb.fidelity.com/public/nb/hp/home

- For details of an employer retirement or health plan, obtain a copy of the legal Summary Plan Description ("SPD") -- either by logging into your account on the plan administrator's website or by calling the plan administrator's phone center. They are required by law to provide your SPD upon request. The SPD takes precedence over any other written, online, or verbal information you may be given. How to use an SPD

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

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

Service at predecessor companies. Of HP's many predecessor companies, only HP and DEC had retiree healthcare programs. Only HP, Digital, and EDS had pension plans. Over the years, HP, DEC, and EDS set aside money in dedicated trust funds to pay for those programs. Compaq, Tandem, Autonomy, Palm, etc. did not have retiree healthcare or pensions among their benefits programs. Their employees did not have those expectations and there were no corresponding trust funds to pass on to an acquiring company. Therefore, employees of those companies do not get credit under HP's retiree healthcare or pension programs for service at the predecessor company. (DEC employees get retiree health credit for DEC and HP service but not Compaq service.) Confusingly, predecessor service counts for vacation/FTO. 

Report disability or a death to the company: https://www.hpalumni.org/report

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/about-the-discount/


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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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