Cranley pension plan:
‘Brilliant’ or Band-Aid?

2014-03-13T22:08:33-07:00March 13th, 2014|Categories: Pension Reform|Tags: , , , |

If Cincinnati finally solves its thorniest financial problem – its employee pension fund – it will be because of the collision of a good idea, willing “adversaries” and deadline pressure. Mayor John Cranley on Tuesday proposed asking the federal courts to oversee a consent decree to stabilize employees’ retirement and health benefits without putting the city at financial risk. The city manager would be authorized to enter binding negotiations with current employees and retirees that would result in reduced [...]