This excerpt taken from the DMND DEF 14A filed Dec 4, 2006.
The following table shows the estimated annual benefits payable upon retirement from active service at age 65, to employees in the United States under our Diamond Foods, Inc. Pension Plan, if taken during the plan year from August 1, 2005 through July 31, 2006. In September 2006, we announced our intention to terminate this pension plan. All pension benefits ceased accruing on November 17, 2006, and the plan will terminate effective December 1, 2006. We expect that all pension plan liabilities will be settled after receipt of all necessary approvals from the Pension Benefit Guaranty Corporation and the IRS, which we expect to receive in the first half of calendar 2007.