Neither is the traditional. I had 25 years in the traditional and will get about $2000 a month, depending on how I take it. I can't live on 2k unless I want so sleep in a tent like Tex. I wasted several years after 25 in the Traditional because that was the max years. If I had 25 more years in my Portable, I imagine I would be sitting on 300k, maybe more. That is drawing 4% annually. Personally I would rather have 300k drawing 4% than getting $2000 a month.
Just to clarify Old Fu.ck does NOT have $300,000 in a portable account. He is trying to muddy the waters once again by trying to support the companies decision to kill the traditional pension plan...a plan that will/would pay you much more over your golden years than a portable cash plan would ever pay out.
Just remember you will have to pay tax on ALL the money in the portable pension plan once you take it out at the normal tax rate, both federal and state.