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U.S. HP Pension Lump-Sum Payout Offer 2020

Advice and reference info from members. (Updated Dec 4, 2021.) Website operated by volunteers. Not officially endorsed or supported. Question or comment? Email: info@hpalumni.org

Join the HPAA Finance Forum. Deals with employee stock, 401(k), pensions, and other financial issues from an ex-HP/HPE perspective.

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 on Nov 1, 2015. Responsibility for commitments to former employees of Compaq, DEC, 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.

"In the quarter ended Oct. 31 2020, the company paid about $2 billion to former employees in its primary U.S. pension plan who elected to receive lump sums the company offered. About 12,000 former employees vested in the HP Inc. Pension Plan who had yet to retire at that time elected the lump-sum option during the window that began June 5 and closed July 3."
Pensions & Investments Magazine/Website

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