Tue October 29, 2013
Cincinnati Pension Problems
The Cincinnati retirement system is in trouble, and its $870 million in unfunded pension liabilities could seriusly damage the city’s long-term viability. While there is widespread agreement the funding problem must be resolved, and soon, many local politicians and business leaders say Issue 4, the pension reform charter ammendent on next week’s ballot, is not the answer. Cincinnati Retirement System Executive Director Paula Tilsley, Ohio Auditor Dave Yost and Cincinnati Enquirer Investigative Reporter James Pilcher discuss the pension fund and proposed solutions.