NCR Corp. (NCR +5.5%) plans to boost the underfunded status of its pension by $800M through...

|About: NCR Corporation (NCR)|By:, SA News Editor

NCR Corp. (NCR +5.5%) plans to boost the underfunded status of its pension by $800M through contributions and by offering a voluntary lump-sum payment option to some former workers. The ATM maker expects the move to permanently reduce its pension liability, clearing up the overhang of the underfunded status and supporting future profit growth.