retirement

Jay Hanselman

Cincinnati officials are again looking for solutions after another bad report on the city's retirement system.  It added another $133 million to its unfunded liability last year.  

Council's Budget and Finance Committee heard the presentation Monday.

One Council Member asked if the city can invest its way out of trouble.

Eric Gary, an actuary with Cavanaugh MacDonald, said maybe.

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The CEO of Cedar Village Retirement Community in Mason, Carol Silver Elliott, is the only U.S. representative at the China Aging Industry Summit Forum this week in Shanghai.

The Deerfield Township woman was invited to give an overview of aging services in the U.S, in part because she serves on two national boards.

She'll talk about:

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Cincinnati Council held another special meeting Wednesday night to discuss the city's troubled pension system. 

Like many plans around the country it has a large unfunded liability, meaning without changes eventually there won't be enough money to pay promised retiree benefits. 

Council Members Charlie Winburn and Christopher Smitherman called the meeting. 

The Retirement Maze

Aug 24, 2012

Author Rob Pescale is On the Money with Chris DeSimio to discuss his latest book, The Retirement Maze: What You Should Know Before and After You Retire.

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