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IFT President Dan Montgomery Talks Pensions on FOX Chicago

5/12/2013
‪Watch IFT President Dan Montgomery discuss two drastically different pension plans Sunday morning on FOX Chicago News - Speaker Madigan's SB 1, the pension slashing mega-bill and President Cullerton's SB 2404, the constitutional, negotiated plan.‬

Going back for decades … the state has not put in the required amount…employees are paying nine or 12 percent out of every pay check … the state hasn't done that … if it were the private sector, it would be illegal. 

Cullerton's bill has a very solid lockdown funding guarantee … if we had done that 20 years ago, we wouldn't be here today.
Chicago News and Weather | FOX 32 News
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