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.
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.
They'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.
It's all because the Ohio Supreme Court ordered the board to restore sections of Issue 4, the charter amendment that would change the city of Cincinnati's pension system. The pro-Issue 4 committee had gone to court to force the change.
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.
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.