city pension

City retirement
5:32 pm
Mon March 17, 2014

Cincy Council ready to support federal mediation for pension issue

Jay Hanselman

Cincinnati Council is ready to endorse a process that would let a federal court mediate a solution to the city's underfunded pension problem.  The Budget and Finance Committee voted unanimously Monday for an ordinance to make that happen.  

The ordinance would let the city manager negotiate a settlement agreement with various parties on a long-term solution to the pension issue.  Right now the retirement system is only 61 percent funded and that will only get worse without some action soon.  

Read more
City retirement
3:57 pm
Tue March 11, 2014

Federal Judge could oversee a solution to Cincinnati's pension mess

Jay Hanselman

Cincinnati Council could vote next week on an ordinance that would essentially let a federal court mediate a permanent solution to fix the city's currently under-funded pension system.  

Mayor John Cranley introduced the idea Tuesday during a city hall press conference.  

One item up for negotiation could be the compound cost of living adjustments some city retirees now enjoy.  Changing that has been a thorny issue.

Read more
Cincinnati pension
5:03 pm
Tue January 21, 2014

Cincinnati pension reform votes could be coming soon

Cincinnati Council could be voting in the next several months on proposals to stabilize the city's underfunded pension system.  Some members said the action needs to happen soon, while others said the problem will not be remedied overnight. 

The Budget and Finance Committee heard about the issue Tuesday. 

Read more
Cincinnati Edition
6:30 am
Tue October 29, 2013

Cincinnati Pension Problems

City retirement
3:05 pm
Tue September 3, 2013

Council places pension charter amendment on ballot despite unanimous opposition to it

Cincinnati City Hall
Jay Hanselman

Cincinnati voters will decide in November if they want to amend the charter to make changes to the city's troubled pension system.  Those could include finding a way to fully fund the current plan in ten years and requiring new employees to be in 401K style plans similar to those offered by many private employers.  

Read more

Pages