Earl Pomeroy: “Well, they run considerably more than that. In fact, the least expensive individual account structure could be brought…”

“Well, they run considerably more than that. In fact, the least expensive individual account structure could be brought on line potentially for 8 percent, 800 times what we are presently paying; and a more likely scenario could be 30 to 40 percent in a completely privatized environment, reducing benefits in favor of administrative costs while you reduce the assurances. It is just not the way to go.”