Hewlett Packard Enterprise has announced that it plans to spin off and merge the Enterprise Services business with CSC, creating a new IT services business. The transaction is expected to complete by 31 March 2017.

2017-09-25

How does this affect my benefits from the EDS Retirement Plan and EDS 1994 Pension Scheme (the “Plans”)? The proposed spin off will not change the benefits which you have already built up under the Plans.
Will the spin off affect the security of my benefits? The Trustee works hard to ensure that the Plans can meet their commitments to pay benefits as they fall due and is in discussions with the Company to make sure that the proposed spin off does not affect the long term security of members’ benefits. We will keep you updated on any future developments.
The 2016 Scheme Newsletters are now available for members to review. Click here for a copy of the Retirement Plan Newsletter and here for a copy of the 1994 Scheme Newsletter.