Cincinnati Pension

Cincinnati council members spent nearly four hours Tuesday questioning the fund managers and the actuary for the city's pension system.

Some are worried about the fees those managers are charging in relationship to the city's returns on its investments.  Council also wants to make sure those managers are making smart decisions based on current market conditions.  

Bill Rinehart / WVXU

  

Bill Rinehart / WVXU

The City of Cincinnati has reached a deal with the unions of current employees and with retirees over the pension fund.  Unfunded liability in that account had been estimated at $862 million, according to a release from the city.  But now, Mayor John Cranley says the settlement reached late Tuesday night will mean the pension system will be fully funded.

Jay Hanselman

Cincinnati Mayor John Cranley is holding a press briefing Wednesday afternoon  to highlight his first year in office.

In advance of meeting with reporters, the Mayor's office released a three-and-a-half page document that list highlights during Cranley's first year.  He took office on December 1, 2013.

Some of those highlights include a balanced budget, thousands of jobs and more cops on the street.

Jay Hanselman

Cincinnati Mayor John Cranley has now selected a firm to lead the search for the next city manager.  He said during his weekly press briefing Thursday he met with about seven companies before hiring California-based Ralph Anderson and Associates.  

He said a representative of the search firm will be in town next week to meet with city council members.  

“And help build out a profile for the search,” Cranley said.  “He intends to be out there pounding the pavement looking for candidates at the end of next week or the week after.”

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