Detailed text transcripts for TV channel - FOXNEWS - 20120621:10:25:00
$80,000 pension because he used a multiplier of 4%. but steve, when you look at, for instance, just a state employee, it is half that number. we'll move that graphic here in just a second. ok. look at that. 80,000 for the legislature and only about $43,000 for the average state worker. >> right. same amount of time spent, same final salary but they -- the formulas are very complex. that's one of the problems that we have with the system. people who don't understand what the real costs are so they give themselves a better formula than state workers. >> you mean the multiplier. >> yeah, exactly....