Cincinnati Retirement System Annual Funding Report
At a glance
What: Annual report of the Cincinnati Retirement System to the committee: about 8,500 members, $2.4 billion in assets and an unfunded liability of $863 million. The pension trust is 68.1 percent funded, down from 68.3 percent, and the health care trust is fully funded.
Where it stands: The funding plan keeps benefits unchanged and targets full funding by 2049, with city contributions at 19.25 percent, employee contributions at 9 percent and a city injection of $1.5 million this year rising 5 percent a year. The board recommends corrective talks if the projected funded ratio falls to 85 percent or below. No vote was taken.