Employers have been killing off defined pension plans for years now.

Nearly 60 percent of companies surveyed early this year said they have either frozen accruals for all participants or closed their defined benefit plans to new entrants. Many more are likely to do the same within the next two years, the survey of senior corporate financial executives by Prudential Financial Inc. and CFO Research Services found.

So, how easy is it to terminate a defined benefit plan?

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