Power plays and pension funds
There are few things less sexy than pension funding and investment reforms at the municipal level. During the past half-decade, however, there also have been few things less concerning for Cincinnatians. Behind flashier discussions of streetcars and parking meters lies a $2.4 billion pension plan which is less than two-thirds funded. After several radical attempts by those concerned to solve the problem of the $862 million unfunded liability, Mayor Cranley agreed to an extensive period of negotiation which concluded on Dec. 31. While many in Cincinnati rejoice that a plan has been formulated to rectify this lack of funding, City … Continue reading Power plays and pension funds
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