Cincinnati's Pension Liability

Cincinnati's pension crisis looms larger than ever, and ignoring it isn't an option. The city's current approach—with a $64 million surplus just sitting on the sidelines—is stagnating progress. Asset sales are a band-aid, not a cure, and the risks involved in regionalizing the waterworks make it a gamble we can't afford to lose. Our episode spotlights the city's hesitance to act on the straightforward advice from pension trust trustees: incrementally increase employer contributions. This simple yet effective strategy could revitalize the pension fund by 2045. Instead, Cincinnati's priorities lie elsewhere, leaving one of its most critical financial obligations in jeopardy.

Join Todd as he scrutinizes the city's financial strategies and call for an urgent reallocation of resources. Redirecting surplus funds to tackle urgent pension liabilities, deferred maintenance, and infrastructure deficits is not just prudent, but essential for ensuring the financial stability of both the city and its employees. We argue for a shift in focus from new commitments to honoring existing promises, like those to the pension participants. Together, let's address these looming liabilities head-on, making sure they no longer overshadow Cincinnati's financial future.