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Site Map Contacts Benefits Medicare Stock Pension Finance Working Leaving HP/HPE Companies Join HPAA |
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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. Comments: info@hpalumni.org Join the HPAA Finance Group. Deals with employee stock, 401(k), pensions, and other personal finance 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. 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.
"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."
The independent HP Alumni Association is operated by former
employees who volunteer their time. Not officially endorsed
or supported. |
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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. © 2022 Hewlett-Packard Alumni Association, Inc. • By using this site you accept these terms • Operated by volunteers. Not officially endorsed or supported. |