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.
A group that wants to change the pension system for city of Cincinnati employees has enough valid signatures to place a charter amendment on the November ballot, according to the Hamilton County Board of Elections.
The group, Cincinnati Pension Reform, turned in 16,116 signatures and 9,726 turned out to be valid signatures of Cincinnati voters. They needed 7,443 to make the ballot.
The group paid nearly $70,000 to a California firm that specializes in putting paid petition circulators on the ground in Cincinnati and gathered the signatures within a few weeks.