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NCR Adds Lump-Sum Option Under Frozen DB Plan
Pensions & Investments Link to more items from this source
Aug. 1, 2012

"NCR Corp., Duluth, Ga., will offer a voluntary lump-sum payment option to deferred vested participants in its frozen $2.7 billion U.S. defined benefit pension plan. The action is part of what the company calls phase two of its pension strategy and affects about 23,000 participants, said William Nuti, chairman, president and CEO ... 'We are very focused on eliminating pension entirely and from the point of view of not being in the pension business, if you will, going forward.'"

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