The focus of HPPA in 2024 is a single issue.
HPE’s Pre 97 UK pension doesn’t do what it says on the tin for its pensioners who built the company.
“The main object of the Digital Pension Plan is to provide financial security to its members in retirement”.
HPE UK Pre 97 pension pays out in old money valued from around 2002. All pensions should be protected from inflation. UK public sector pensions and other countries across Europe have this protection. But UK national laws do not require Pre 97 pensions to keep up with inflation, relying on companies to use discretionary increases to “do the right thing”.
HPE promotes itself as “one of the world’s most ethical” companies. HPE annual net income for 2023 was $2.025B, a 133.29% increase from 2022.
HPE’s chooses not to share their profits with their UK pensioners while sharing it with shareholders and executives. We know from the media reports that HPE is not alone. We know that at least 7 American headquartered companies behave the same way.
We want the new government to take a single action now:
Instruct DWP to identify the size of the Pre-97 problem, i.e. how many people are effected and to what extent.
HPPA is funded by voluntary donations from its members. If you would like to donate please click here. Please note – if you are paying by cheque then please make the cheque payable to ‘Hewlett Packard Pension Association’ and not HPPA as it says on the donations page.
I am not a “first generation” pensioner but those who I admire & respect are. Hired in the 60s, they do not deserve this. Some
Here are the presentation materials from the town hall meeting in Prestwick on 23rd November. Brilliant Turnout! Powered By EmbedPress
Great Progress About Getting In Touch With Your MP. There are 650 MPs; we have now been in touch by email, letter or face to face
