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

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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 sale to Hewlett-Packard. In 2008, due to declining growth and profits, EDS stock was down to $19 from $72 in 2001. EDS management and board negotiated a $13.9 billion sale to HP at a 32% premium -- which was completed Aug 26, 2008. (Founder Ross Perot had sold the company to GM in 1984; GM spun out EDS in 1996.)

- HP Inc. is the legal successor to the companies acquired by Hewlett-Packard before the company was split into HP Inc. and Hewlett Packard Enterprise. Responsibility for commitments to former employees of Compaq, EDS, etc. remain with HP Inc. -- regardless of whether their last business unit ended up in HP or HPE. Includes employment verification and any retiree health, pension, etc. plans. HPE is responsible for commitments to former employees of companies acquired by HPE.

- At completion of the sale on Aug 26, 2008, 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.)

- HP Inc, Hewlett Packard Enterprise, DXC, and Perspecta are completely separate companies. Details: HP Breakup

Which HP-related companies have me classified as a retiree or former employee? Given HP's history of acquisitions and spinoffs, this may not be obvious. If any doubt, 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

Other benefits issues for EDS alumni -- including 401(k), stock, HP and HPE retiree benefits, vehicle discounts. Death or disability of a former employee. 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. If "Type of Benefit" is "A" -- you rolled to a different plan, bought an annuity, or took cash. How to decode and what to do: hpalumni.org/PotentialBenefitLetter.

EDS 401(k):

- The HP Retirement Service Center is the primary administrator for HP U.S. pension and 401(k) accounts, including any accounts that HP predecessor companies (such as Compaq, DEC, and EDS) may have had. Operated by Fidelity Investments. 1-800-457-4015 (Outside US 1-508-787-9902 collect.) Don't go to a local Fidelity office. Member advice: hpalumni.org/contacts-HPI-financial

- For details of a U.S. employer retirement or health plan, obtain a copy of the legal Summary Plan Description ("SPD"). Log into the plan administrator's website or call. They are required by law to provide the SPD upon request. The current SPD takes precedence over any other written, online, or verbal information you may be given -- but is still subject to change. 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, DEC, 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, 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. 

Death or disability of a former employee: 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/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. No charge, thanks to HPAA's Supporting Members.


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