Clearly the pension action in the UK was such a success (from the corporate perspective) that action on pension is a significant part of the corporations plan to increase earnings per share (EPS) from $10.01 to at least $11.20 (12% increase) in 2010.

Have a look at the Sam Palmisano (page 8) and Mark Loughridge (pages 15 - 17) presentations which can be found HERE

It might  not just be defined benefit plans that are at risk, the drive to deliver increased EPS appears to be at any cost.