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Nuschoolfool,
I haven't heard of this situation either. Is your company dissolving their pension? Well, if you do have to decide I would look at all the variables that Ringfinger was talking about: Years of service, % return, current benefit, projected benefit.

In your situation, do you expext to be with the same employer for those 27 years? If not, I would suggest the 401 as it is more mobile and your benefit is portable.

Good luck and Roll Tide,

Ramajama
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