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City retirees urge council to strengthen pension and health trust contributions
Summary
Two retired city employees urged council to continue increasing city contributions to the pension and health trust to preserve benefits and support recruitment and retention.
Two retired city employees used public comment to urge Cincinnati City Council to keep increasing contributions to the city pension and health trust.
Carolyn Guchar introduced herself as a city retiree who worked more than 25 years, managed arts grants and staffed arts advisory committees. She told council the pension and health trust are critical for retirees and for recruitment and retention of qualified city employees and thanked council "for increasing the city's contributions to the pension trust from the minimum contribution required in the collaborative settlement agreement" before urging continued increases.
Marzetta Goldsmith, who said she began city service in 1969, described dependence on the retirement system and raised concerns about proposals to privatize parts of the retirement system and the effect of fewer hires on the fund’s sustainability. She also described difficulties the Cincinnati Retirement System board experiences attending meetings and raised perceived conflicts of interest with legal counsel.
Ending: Council thanked both speakers for their service and said the comments would be noted in the budget conversation.
