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

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HP Inc is the overall legal successor to Hewlett-Packard and to companies acquired by Hewlett-Packard before Nov 1, 2015 – Compaq, EDS, etc. – regardless of whether a business unit ended up in HP Inc 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. For the US, HP Inc has responsibility. For Canada and UK, HPE has responsibility. In many countries, plans were split between HP Inc 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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