> I, for one, will deal with some idiocy to guarantee a safe and secure retirement. The potential for idiocy negates any guarantee for a safe and secure retire

> I, for one, will deal with some idiocy to guarantee a safe and secure retirement. The potential for idiocy negates any guarantee for a safe and secure retirement. If they're idiots they'll lose your money. Anyways, if that's your preference why not take the cash and give the money to an investment manager of your choosing? Why let your employer choose the investment manager and force it on all your coworkers? > Regardless of who is in charge, the switch has nothing to do with the people managing them and only to do with saving the company money. Oh yeah, no doubt. But hypothetically, given the same present value, I would rather take cash over a pension plan that may or may not be managed well and exist in 40 years.