By Doug Cunningham

Madison Gas and Electric, a public power utility in Wisconsin’s capital, is out to destroy its workers defined benefit pensions. Dave Poklinkoski of IBEW Local 2304 says this is a highly profitable power company with no financial justification for trying to take workers’ pensions…

[Dave Poklincoski ] : “I think everybody needs to recognize that if workers working for a state-regulated monopoly with a well-funded defined benefit pension plan are not gonna be able to retain a pension plan, then everybody's pension is at stake."

Poklincoski says that defined benefit pensions are much better for workers than 401(k)'s and his union - IBEWE Local 2304 - will never agree to end defined benefit pensions.