Consultation commences for next 2 months. Are we expected to believe that our concerns will affect the final decision?
14 replies (most recent on top)
Good riddance - get rid of the lazy a$$ l!ck!ng EDSers. Incompetent douchbags
Of course you could always go and Troll somewhere else - you Bellend!
Good riddance - get rid of the lazy a$$ l!ck!ng EDSers. Incompetent douchbags
Thing is though, what other benefits have we in EDS 1994 missed out on over the years? Pay rises for sure (collective bargaining via unions even if not a union member). No health/dental or any other benefits I have been made aware of - no myChoice at all in fact so not sure what else we've been missing out on?
HPE legacy folks lost pensions long time ago - may be time to get the EDS pensions away ! (it is sad) - but we all have to agree that the downward spiral started after EDS acquisition started and they have to take moral responsibility for that !
this bunch of ba$tstards will do whatevever they want regardless of anything! get out at the first opportunity before it's too late! sadly I didn't have the opportunity to apply for VR so maybe its already too late for me... they are scum
Surely there can't be that many left who are on the EDS 1994 scheme? I guess there will be more on the other EDS schemes
Agree with several others here, pension was the only thing DXC had going for it, now they are taking that too and made even worse by the offensively worded email, the few who are left will all jump come next VR round.
Pensions are so 20th century unless unions are involved. If you want a pension, you're in the wrong industry.
Ha ha ha ha ha ha ha ha ha ha!!! Of course not. When was any utterance from management to be believed.
It should also be pointed out that a major part of the deal between Whitman and Lawrie was the $2.5Bn paid over by HPE to cover off historical shortfalls in the pensions schemes. So the HPE and EDS schemes should all be fully funded as of 3rd April 2017.
However, how much "magic" has been done with that money to mitigate CSCs shortfalls or fund Executive incentive schemes is another matter.
Either way the pensions consultation is only aimed at one thing and that is reducing DXC liabilities going forward and ensuring that no unnecessary money gets diverted to the workers when it can go the shareholders or executive.
The only reason I stayed so long was because of the pension. Experience from the takeover of EDS by HP made it pretty clear that there would be a reconciliation of benefits and that it would be the worst of SCS and EDS than won through. You only had to experience what Hurd did with car allowances and mileage rates to understand that when he took the the lowest car allowances (EDS) and the lowest mileage rates (HP) and made them universal so we all lost out. Except him and his bonus pot.
Losing the EDS final salary pension is inevitable. HPE had already ramped up contributions but CSC got rid of their scheme a long time ago. With DXC staff no longer getting pay rises yet still paying in it's a sad truth that from March 2018 my, frozen, pension entitlement will be growing more under indexation than it would if I'd stayed and carried on paying in. The best part? Lawrie can do absolutely noting about that, it's an accrued liability and he's stuck with it.
It is the UK EDS 1994 and UK EDS Retirement Plans. They want all of us still in employment with DXC to leave the plans and enter into a defined contribution plan thus reducing DXC liability to contribute into the plans. Rather than offer an incentive to leave the plans then have beaten us with a stick and said if you don't leave you wont get any pay rises ( we haven't had any for years ) - a pay rise increases DXC liability into the plan. These plans are the only reason many ex EDS staff stayed with HP/HPE/DXC. No reason to stay anymore, so next round of redundancy I will be looking to go. Next time I am asked to do more than 42 hours in a week Lawrie and Co can shove it.
I am currently collecting my pension. When I started collecting my retirement (which was before merger) it was and still is being paid by HP INC. (I have never worked for HP or HPE, left EDS prior to that acquisition). This is completely isolated from DXC. Pension responsibility was determined with the HP/EDS acquisition government approval.
I don't understand anything but the header but here is my 2 cents. The EDS pensions remain in the HP realm (like a company you used to work for) not DXC and are protected and insured by the federal government. Otherwise I would have taken the lump sum offer.