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The Cincinnati Retirement System's annual report for 2023 shows the long-troubled system is about $824 million short of what's needed to cover retirees by 2045.
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Cincinnati retirement system still underfunded, still not on track for full funding.
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The current estimated unfunded liability is about $724 million. Officials say the retirement system can be fully-funded by 2045 if the city immediately increases its yearly contribution.
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A Cincinnati council majority isn't happy the city's retirement board has no plans right now to divest in the holdings the pension fund has in private…
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At least five Cincinnati Council members, with the support of Mayor John Cranley, say the city shouldn't have pension funds invested with companies that…
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Cincinnati's retirement system was better funded last year when compared to just five years ago. The improved results largely stem from a collaborative…
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Cincinnati council members spent nearly four hours Tuesday questioning the fund managers and the actuary for the city's pension system.Some are worried…
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Cincinnati Mayor John Cranley has now selected a firm to lead the search for the next city manager. He said during his weekly press briefing Thursday he…
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Cincinnati Council is ready to endorse a process that would let a federal court mediate a solution to the city's underfunded pension problem. The Budget…
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Cincinnati Council's Budget and Finance Committee holds a public hearing Monday on a plan to let a federal judge mediate a solution to the city's pension…