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Detailed text transcripts for TV channel - FOXNEWS - 20100613:10:14:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100613:10:14:00

This bailout, too, some of them. >> if we were living in the same world, companies would be encouraged or maybe enforced to go to what they call defined contribution plans. >> like a 401(k). >> exactly. >> where you control the money. >> you put the money in and you control and then what you get in the end is how you managed your money over time. instead, they want to stick with these defined benefit plans which sound good because they take all of the-- >> which guarantee basically a set payout per month for the rest of your-- for retirement years. assuming. >> yeah. >> they stay solvent, but ...

Detailed text transcripts for TV channel - FOXNEWS - 20100612:18:14:00 - Vimarsana News

Detailed text transcripts for TV channel - FOXNEWS - 20100612:18:14:00

This bailout, too, some of them. >> if we were living in the same world, companies would be encouraged or maybe enforced to go to what they call defined contribution plans. >> like a 401(k). >> exactly. >> where you control the money. >> you put the money in and you control and then what you get in the end is how you managed your money over time. instead, they want to stick with these defined benefit plans which sound good because they take all of the-- >> which guarantee basically a set payout per month for the rest of your-- for retirement years. assuming. >> yeah. >> they stay solvent, but ...