E.I. du Pont de Nemours & Co., Wilmington, Del., is offering lump-sum payments to former employees participating in its $14.4 billion defined benefit plan.
The offer is targeted to roughly 18,000 former employees who left the company or its subsidiaries by Dec. 31, 2015, and are fully vested but have not started collecting benefits. They also can choose to start their monthly pension payments early with reductions.
The lump-sum window started Sept. 12 and will end Oct. 21. Payments will be made by early December, spokesman Dan Turner said in an e-mail.
Further information about the plan could not be learned by press time.