Stephen Colbert on 'Backsies' and Pensions

Some thoughts on corporate behavior regarding pensions from Stephen Colbert, host of the Comedy Central program The Colbert Report. His tongue-in-cheek analysis: Just work for 100 more years and you're home free.

Copyright © 2005 NPR. For personal, noncommercial use only. See Terms of Use. For other uses, prior permission required.

SCOTT SIMON, host:

And finally some thoughts on corporate pensions from Stephen Colbert of Comedy Central's "Colbert Report."

(Soundbite of "The Colbert Report")

Mr. STEPHEN COLBERT: Everybody who's expecting a pension, take one step forward. Not so fast, America...

(Soundbite of laughter)

Mr. COLBERT: ...'cause tonight's word is...

(Soundbite of bell)

Mr. COLBERT: ...backsies.

(Soundbite of laughter)

Mr. COLBERT: Backsies is the technical term for reneging on a previously settled agreement.

(Soundbite of laughter)

Mr. COLBERT: We've all done backsies, asking for the return of your Barbie doll or baseball card. In fact, 50 percent of all American marriages end in backsies.

(Soundbite of laughter)

Mr. COLBERT: Corporations have simply adopted this beloved ritual of childhood. That means, retirees, free ride's over. In retirement, you're gonna want an annual income of about half of what you made when you were working. So let's say you save 10 percent a year. You need 50 percent a year so you just need to work five times as long as you would like to be retired.

(Soundbite of laughter)

Mr. COLBERT: So let's say you wanted to live in retirement for 20 years. All you have to do is work for 100 more years, you're home free.

SIMON: You're listening to WEEKEND EDITION from NPR News.

Copyright © 2005 NPR. All rights reserved. No quotes from the materials contained herein may be used in any media without attribution to NPR. This transcript is provided for personal, noncommercial use only, pursuant to our Terms of Use. Any other use requires NPR's prior permission. Visit our permissions page for further information.

NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.

Comments

 

Please keep your community civil. All comments must follow the NPR.org Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

Support comes from: