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Detailed text transcripts for TV channel - FOXNEWS - 20101220:18:10:00

Real, and i just want our viewers to see the numbers and i want you to weigh in on this. let s show them the first full screen. look at this, look at the average new york state private sector retiree pension in this is private sector, okay? not public. thirteen grand. if you get a pension. most don t. but if you get one, the average in 09 was 13,000. look at the public sector pension plan, more than double, okay? that just sort of underscores the problem. take a look at the next full screen, the average teacher, let s say albany state, the capitol, this is somebody who retires at 59 years old after working 37 years, the final salary would be 89,000, their pension would be almost $62,000 a year, which is 70 percent of their final salary, and that s not subject to state or local income tax, and it s even worse, one wen even worse, a teacher from yonkers, retired at 59, after 37 years of service, ....

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