Detailed text transcripts for TV channel - FOXNEWS - 20120924:02:41:00
Diminishment of overall money. we lost $6 billion we had to take correct tive action to make sure the state actuary was sound. utah was the exception. >> they tend to resist any kind of change. they do so in part of the union leaders tell them the 401 k style plans don't work. even though for instance among teachers of america 50 percent leave within five years. if they had a 401 kvshg they would take all their money with them. you get very little if you leave and switch and go to another job. this kind of plan is perfect for people who are going to stay in governments their entire life. >> it...
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