Pension 2020. HP/HPE Alumni

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

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This topic is discussed on the HP Alumni Association Finance Forum. Deals with employee stock, 401(k), pensions, and other financial issues from an ex-HP/HPE perspective.

HPInc is the overall legal successor to Hewlett-Packard Company and to companies acquired before Nov 1, 2015 – Compaq, EDS, etc. – regardless of whether a business unit ended up in HPInc or HPE. Unofficial directory of HP/HPE acquisitions For employees of HP -- and predecessor companies -- who left before the HPInc/HPE separation, responsibility for any health or retirement benefits varies from country to country, depending on employee population. For the US, HPInc has responsibility. For Canada and UK, HPE has responsibility. In many countries, plans were split between HPInc and HPE. See: Where are my benefits?

"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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