Mayor Cranley Announces Plan to Fund City's Pension System

Mayor Cranley Announces Plan to Fund City’s Pension System

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(source: wcpo.com)

Cincinnati’s public pension crisis appears to be over.

Mayor John Cranley announced, late last night, an agreement to relieve the city’s nearly 900 million-dollar unfunded pension liability.

Retirees will take a cost of living freeze for three years, and health care savings, in exchange for the city pumping more money into the pension fund.

Mayor Cranley Announces Plan to Fund City’s Pension System

Mayor Cranley Announces Plan to Fund City’s Pension System

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Mayor Cranley Announces Plan to Fund City’s Pension System

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