Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Council Allows Cincinnati Pension System Measure To Go Before Voters

Cincinnati City Council has placed a charter amendment on the November ballot allowing voters to decide the future of the municipal pension system. The measure would change the system to resemble those in the private sector. Council members are encouraging the public to vote against the proposal, saying it would bankrupt the city. Revenue from Cincinnati's parking lease could help prop up the city's cash-strapped pension system. Cincinnati Retirement System trustees are asking City Council to approve 30-million dollars from the lease after the November election. The pension board is also planning to cut benefits to retirees and increase the city's annual contribution to the fund.

Jim has been with WCBE since 1996. Before that he worked as a reporter at another Columbus radio station, and for three newspapers in Southwest Florida.
Related Content