Tuesday, August 6, 2013

Pension reform petitions turned in

The Enquirer has it.  Petitions for a Charter Amendment to force reform of Cincinnati's massively over-generous and insolvent pension plan have been turned in to the Clerk of Council.  The proposal will shift new employees into a "defined contribution" plan from the current "defined benefit" plan.

It is similar to the plans that passed into law in San Jose and San Diego in 2011.

If it makes the ballot, it will make for an interesting debate this fall.

1 comment:

We follow the "living room" rule. Exhibit the same courtesy you would show guests in your home.