Detailed text transcripts for TV channel - FOXNEWS - 20111228:21:35:00
Pensions, in general, where in the private sector we have moved to where only 20 percent of businesses, private sector employees have pensions they have moved into define contribution 401(k) type plans or they have nothing at all. and the public is exactly reverse, 80 percent get a public pension and we have to move the public sector into the 401(k) system with defined contribution. >>dagen: but the idea of basically buying, retiring early, and buying years and getting a pay off well in excess of what you actually had to pay for those years, that is a public pension on drugs. this is most insa...
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