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Details on 2016 U.S. EDS Pension Lump Sum Payout Offer
Question? Email:
info@hpalumni.org
U.S. EDS alumni should call Fidelity to:
Many report that they received a flyer in the mail. However, Fidelity's
old EDS records may not have your current postal address -- and members
report that the flyer looks like junk mail and is easily discarded.
The offer applies if the "lump-sum present value of your accrued benefit
as of Aug 1, 2016" is between $5K to $100K.
Full
details on who qualifies
Deadline is July 22, 2016 -- but there is paperwork and possible
notarization required.
When this issue came up last year, several folks found forgotten EDS
pension accounts.
This is being discussed on the
EDS Alumni LinkedIn group.
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 HP documents: - Front side of mailer (1MB jpeg image) - Rear side of mailer (1MB jpeg image)
- HP provided the HPAA with
details
on who qualifies for the lump-sum payout offer. (0.1MB pdf file)
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