I left my "Pension (Cash Balance Account) " with my previous company when I left last August. Am 52, cant touch it for several yrs. without penalty. So, it seemed like a good idea.
Everyone I know rolled theirs into an IRA upon exit. As of last Sep. it pays 5.58%. (up about 1% from 2013)
That % is based on a Corporate bond index calculation. (I forget at the moment exactly what it was) but can look it up.
I was hoping to find something similar for my IRA, but nothing seems to come close. Folks laugh at me when I ask. LOL LOL
My question is, how can a large publicly traded utility company offer this type of deal when no one else seems to be able to? Am I missing something? I have about 3x as much $$ in an IRA looking for a safe / similar home. I am not sure how they do it year after year when everything else non stock related seems to just go lower........