Jmeic:
For your original question, as pointed out by stevewag, the answer is "yes", it is one feasible option. I was only trying to point out that it is more involved, and there is more than one method, to manage the high ground water situation.
In addition, no matter what type of system is adopted, early warning (on system failure) and emergency set-ups are equally important. We had a case in Michigan, the concrete water tank (emptied for maintenance) was pushed up and the structure failed after a rain storm. The reason for the excessive uplift pressure was not a big surprise - clogged drains in conjunction with failed pumps.