The Hewlett-Packard Limited Retirement Benefits Plan

The HP Ltd Retirement Benefits Plan
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  • Digital
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  • Plan information
  • Retirement options
  • Normal retirement
  • Early retirement
  • Late retirement
  • Ill health retirement
  • Flexible retirement
  • Pension increases
  • Cash lump sum

You are here:

  • Digital
  • Active
  • Plan information
  • Retirement options

Normal retirement

If you retire at your Normal Pension Date you will receive a pension for life equal to:

Relevant accrual rate x Final Pensionable Salary x Pensionable Service

Note Your pension calculation will depend on the contribution choices you have made throughout your membership, as the level of contributions you pay, determine your annual Accrual Rate. Please see the Contributions page for more information. 

If your Accrual rate has changed over the course of your Pensionable Service the calculation above will be performed for each separate period of service with your actual pension will be the sum of all these calculations.

The terms Final Pensionable Salary and Pensionable Service have the meanings set out in the Rules.

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Expression of Wish Forms and letters – an update

In response to our recent letter titled ‘Who do you want to receive any benefits payable from the Plan?’ we have received several very good questions from members. We thought to share the responses more widely and have done so by writing again to all members. You can also see a copy of this letter by visiting the News section of this website.