A Cincinnati Council member said he had a plan to put the city's retirement system on a path of solvency. Christopher Smitherman introduced his motion Tuesday during a council committee meeting.
One of his proposals is to end the three percent compound cost-of-living adjustments given to most retirees each year. Smitherman would change that to a simple COLA tied to the consumer price index and not exceeding two percent per year. Those adjustments would also be suspended for three years if his plan is approved.