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City Council Overhauls Pension System

Critics say burden falls too heavily on current workers

0 Comments · Wednesday, March 23, 2011
In an effort to fortify Cincinnati’s ailing retirement system for municipal workers, City Council narrowly approved a package of reforms March 16 aimed at reversing the system’s current course toward a projected $1 billion shortfall. In a 5-4 vote, City Council approved reforms that stiffen eligibility requirements, reduce some benefits and increase the retirement age for current workers.  

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