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. This is what my employer did, but gave employees the option of staying on the old plan, or going with the new one. With the new one, you get a cash balance rolled over into a 401K-like plan, plus you get 1/2 the defined beneift. Very few people opted for the cash rollover. I did, though. I like control of my $$$. And, I'll still get a small defined benefit amount.
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