Tagged: City retirement

Cincinnati Council held another special meeting Wednesday night to discuss the city's troubled pension system. 

Like many plans around the country it has a large unfunded liability, meaning without changes eventually there won't be enough money to pay promised retiree benefits. 

Council Members Charlie Winburn and Christopher Smitherman called the meeting. 

Preliminary numbers show Cincinnati's Retirement System had an 11.9 percent return on its investments for 2012.  That's better than the 7.5 percent officials had projected. 

That's about the only new information that came from a special city council meeting Wednesday night to discuss the retirement system. 

Council Members Christopher Smitherman and Charlie Winburn called the session. 

Smitherman was upset by who was not at the meeting...