"Many pension plans offer the choice between a lump-sum payout (into a rollover for example) or an annuity. When presented with all or nothing, most retirees select lump sums, when in many -- if not most -- situations, allowing a mix or partial annuitization and partial lump sum would be better for the participants and welcomed by them.... When their money exits the plan, as a rollover for example, they face retail pricing, which is significant. The move to a lump sum/rollover paradigm has transferred not only the varied risks to participants, but also the ongoing and significant administrative and management costs as well."  MORE >>