they lost money and it doesn't matter if you have yourwn plan if you lose money. >> and looks like theayers is forced to bail out the pension. >> look apt the detroit council woman told president obama. it is quid proquo. you should bail us out . take the politics out when it comes to public employees . municipality. it doesn't guarantee a huge return but shows paid that money is paid every year and not a caze crazy promise in the future that is not coming true in the future. >> what i like about 401 k. it more discretion to the individual. they decide what is best or not for him. what if the individual wants a classic benefit pension. i wouldn't outlaw the pensions but i would outlaw the bailouts. if they want to lay out lavish to the pilots but don't come to me when it doesn't work out. >> i don't think rich, you know how these things develop and start out by interested independent and gets money from insurance companies and et cetera . eventually the taxpayer has to bail these things out. >> you can't suspend the law of gravity and suspend the speed of light and predetermine the ret