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U.S. HP Pension Lump-Sum Payout Offer 2020 Advice and reference info from members. (Dec 4, 2021) Website operated by volunteers. Not officially endorsed or supported. Question? 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 overall legal successor to companies acquired by Hewlett-Packard before the company was
split into HP Inc and Hewlett Packard Enterprise on Nov 1, 2015.
In general, responsibility for commitments to former U.S. employees of Compaq, DEC, EDS,
etc. remain with HP Inc. -- regardless of whether their last business
unit ended up in HP or HPE. (Canada and UK: HPE. Other countries vary.
"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 U.S. employees who volunteer their time. Not officially endorsed
or supported. |
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Helping each other with life after HP and HPE: Website Index Forums Independent, member-supported volunteer association. Not officially endorsed or supported. © 2024 Hewlett-Packard Alumni Association, Inc. By using this site you accept these terms. |