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For what it's worth I chose a lump sum payment about 11 years ago and haven't looked back. Our reasons at the time were:

- Concerns about the company folding (large corporation so this was not a big concern plus PBGC).
- Payments remained the same (not subject to COL).
- Lump sum monies are yours and eventually your families versus annuities which can stop at your death (poor wife left with reduced payment or no payment).

The lump sum resides in an IRA and is actually greater in value than when it was rolled over.

Good luck with your decision.


ImAGolfer (retired '03)
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