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Subject:  Re: Attitude Question - SS Date:  3/14/2016  11:41 PM
Author:  karenlj Number:  79325 of 97388

I have a pension plan. This was a corporate pension plan, so I had a choice of how I wanted it to pay out.

Which may disappear or radically change with a bankruptcy or a merger.

There have even been cases where the corporation illegally raided the 401K accounts in order to get operating funds, then gone belly up.

No. When the company decided to move from pensions to 401ks, they took the vested amount for each employee and bought annuities. It's safe. It's not a lot of money, but it's nice to get something.
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