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URL:  http://boards.fool.com/one-thing-not-mentioned-in-the-article-many-20997433.aspx

Subject:  Re: Retirement's Second Leg: Pensions Date:  7/8/2004  4:45 PM
Author:  workwayless Number:  690 of 1488

One thing not mentioned in the article: many companies that offer db pensions are moving towards cash balance pensions. With those you can elect to take the cash balance as a lump sum ( which you can rollover to an IRA) or get a fixed amount with an annuity. So with the lump sum, you can ultimately control how the money is invested and in addition you don't have to worry about the plan going belly-up some time in the future.
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