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IFT Unhappy with pension system director

Fri, 12 Oct 2012 17:33:07 CDT

A labor union is demanding the resignation of the head of the Illinois teacher pension system. The source of the complaint is Richard Ingram's statement that the state has to consider reducing automatic cost-of-living increases for retirees or the system will eventually become insolvent.

Illinois Federation of Teachers President Dan Montgomery says for Ingram to advocate a specific plan crosses a line...

The union head says cutting benefits is not the only way to solve the pension funding problem. He says teachers have lost faith in the ability of Ingram to safeguard their pensions. Ingram says he has no plans to resign.

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