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10/15/2012: Employers Offer Lump Sum Payoffs to Dig Out of Pension Holes (Atlanta Journal-Constitution)
"Corporate America has been freezing or terminating traditional, seniority-based plans for the past 30 years, and moving employees into cheaper 'defined contribution' plans, such as a 401(k). Lump sum offers are a way for companies that have or had pension plans to reduce their often huge longterm liabilities ... Equifax and NCR are among U.S. giants including General Motors, Ford and Sears that have made similar offers to thousands of former workers."
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