pension system http://wvxu.org en Federal Judge could oversee a solution to Cincinnati's pension mess http://wvxu.org/post/federal-judge-could-oversee-solution-cincinnatis-pension-mess <p>Cincinnati Council could vote next week on <a href="http://city-egov.cincinnati-oh.gov/Webtop/ws/council/public/child/Blob/39563.pdf?rpp=-10&amp;m=2&amp;w=doc_no%3D%27201400313%27" target="_blank">an ordinance</a> that would essentially let a federal court mediate a permanent solution to fix the city's currently under-funded pension system. &nbsp;<br /><br />Mayor John Cranley introduced the idea Tuesday during a city hall press conference. &nbsp;<br /> Tue, 11 Mar 2014 19:57:18 +0000 Jay Hanselman 24080 at http://wvxu.org Federal Judge could oversee a solution to Cincinnati's pension mess New absentee ballots going out to thousands http://wvxu.org/post/new-absentee-ballots-going-out-thousands <p>Approximately 3,000 Cincinnati voters who have already been mailed absentee ballots will be getting a second one in the mail soon, thanks to an Ohio Supreme Court decision last week.<br /><br />They&#39;ll also be getting a letter from the Hamilton County Board of Elections asking them to re-vote their new absentee ballots and return them to the board.<br /> Mon, 14 Oct 2013 17:10:26 +0000 Howard Wilkinson 18393 at http://wvxu.org Council places pension charter amendment on ballot despite unanimous opposition to it http://wvxu.org/post/council-places-pension-charter-amendment-ballot-despite-unanimous-opposition-it <p>Cincinnati voters will decide in November if they<a href="http://city-egov.cincinnati-oh.gov/Webtop/ws/council/public/child/Blob/38473.pdf?rpp=-10&amp;m=2&amp;w=doc_no%3D%27201301158%27"> want to amend the charter to make changes to the city's troubled pension system</a>.&nbsp; 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. &nbsp;<br> Tue, 03 Sep 2013 19:05:09 +0000 Jay Hanselman 16896 at http://wvxu.org Council places pension charter amendment on ballot despite unanimous opposition to it Private firm paid $70K to run pension petition drive http://wvxu.org/post/private-firm-paid-70k-run-pension-petition-drive <p>A Cincinnati group trying to revamp Cincinnati’s troubled pension system through a charter amendment paid a California firm nearly $70,000 to put petition circulators out on the streets of Cincinnati.</p><p>Cincinnati for Pension Reform, a group that includes some long-time tea party activists, says it collected nearly 16,000 signatures, which are now being checked by the Hamilton County Board of Elections. They need the valid signatures of 7,443 Cincinnati voters to put the issue on the November ballot.</p> Fri, 09 Aug 2013 17:37:24 +0000 Howard Wilkinson 16000 at http://wvxu.org Cincinnati Council gets retirement system update Monday http://wvxu.org/post/cincinnati-council-gets-retirement-system-update-monday <p><strong>Update 6/5/2013 at 10:20 am:&nbsp; </strong><a href="http://www.cincinnati-oh.gov/retirement/linkservid/CFF90C6B-D268-BDE0-C2D6264B58505148/showMeta/0/" target="_blank">Documents received from the city</a> show the pension system's unfunded actuarial accrued liability as of 12/31/2012 was $862,122,656.&nbsp; That compares with the unfunded actuarial accrued liability as of 12/31/2011 of $728,428,380.&nbsp; That means the unfunded balance increased by more than $133 million during that time.</p><p>One section of the report states:</p> Tue, 04 Jun 2013 21:00:44 +0000 Jay Hanselman 13388 at http://wvxu.org Cincinnati Council gets retirement system update Monday