Keys to buying immediate annuity (St. Petersburg Times)
Don’t have a pension? You can create your own by buying an immediate annuity that will send you a payment each month for the rest of your life. Unlike a deferred annuity, payments start right away. The chief benefit is the peace of mind from knowing you can’t outlive your income.

Companies Warm to Freezing Pensions: IBM, Verizon Workers Stop Accruing Benefits, a Sign of Things to Come (RedNova)
By Pamela Yip, The Dallas Morning News Jan. 11–Now we know what a dead pension looks like — frozen in place. The death knell has been sounding for the defined-benefit pension plan for years.

AXA Equitable rolls out new annuity package (Insurance Business Review)
AXA Equitable has launched a variable annuity package designed to guarantee regular income payments and offer growth potential.