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A desk showing a document titled 'City of Cincinnati Retirement System Pension Liability Report' next to a paper stamped 'Under Review,' with the Cincinnati skyline visible through a window in the background.

Cincinnati pension debt plan revives effort to eliminate $850M liability

Cincinnati pension debt remains a major financial challenge as city leaders attempt another plan to eliminate roughly $850 million in retirement liabilities. Cincinnati officials are taking another step toward addressing a long-standing financial burden tied to the city’s retirement system.  The new proposal focuses on eliminating about $850 million in pension liabilities that have…

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Cincinnati City Hall exterior in downtown Cincinnati, symbolizing city government and pension reform decisions

Is Cincinnati Pension Reform Stabilizing the System — or Positioning It for OPERS?

Cincinnati recently announced that for the past year, it has been in mediation concerning the 2015 collaborative agreement. This agreement requires the city to fully fund the Cincinnati Retirement System (CRS) by 2045. The system currently has a funded ratio of 68%. Furthermore, it has an $847 million liability to erase. Cincinnati pension reform is…

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An illustration of a Cincinnati Pension Settlement Agreement document alongside scales of justice and a money bag, set against the Cincinnati skyline.

Cincinnati pension settlement aims to stabilize city’s retirement system

Cincinnati pension settlement moves forward after months of negotiations. City leaders say the Cincinnati pension settlement will protect retirees and strengthen long-term financial stability. The new agreement represents a major effort to address the long-running challenges facing the City of Cincinnati's retirement system. Officials announced the framework earlier this week, calling it a balanced compromise…

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