DuPunt is offering to buy out up to 9,500 pensioners with a lump-sum payment or monthly annuity.
“The offer is generally targeted to former employees who are fully vested in their pension benefits, but do not yet meet the age requirements under the Plan to collect them,” according to a statement .
The election period runs from September 11 to October 20, 2017. Pensioners will receive payment by early December.
The announcement comes within a week of the completion of the DowDuPont merger on August 31.
DuPont made a similar offer last year as part of an ongoing effort to reign in pension costs. The company also announced in May its plan to borrow $2.7 billion to fill gaps in the pension fund.
DuPont has 134,000 former workers on its pension plan.
