Voters decide on Cincinnati worker pensions with Issue 4 - Cincinnati News, FOX19-WXIX TV

Cincy voters say no to Issue 4

Posted: Updated:
  • FOX19 HeadlinesMore>>

  • FORECAST: Warm Easter Sunday!

    FORECAST: Warm Easter Sunday!

    Sunday, April 20 2014 2:41 PM EDT2014-04-20 18:41:05 GMT
    That big orange "egg" in the sky will shine upon us throughout this Easter Sunday.  Meteorologist Steve Norris says along with the bright sunshine, the mercury will soar into the mid 70s...
    Full Story >
    That big orange "egg" in the sky will shine upon us throughout this Easter Sunday.  Meteorologist Steve Norris says along with the bright sunshine, the mercury will soar into the mid 70s...Full Story >
  • Boxer Rubin 'Hurricane' Carter dies at 76

    Boxer Rubin 'Hurricane' Carter dies at 76

    Sunday, April 20 2014 2:22 PM EDT2014-04-20 18:22:44 GMT
    Former midddleweight boxer Rubin Carter has died. (Source: Flickr) Former midddleweight boxer Rubin Carter has died. (Source: Flickr)
    Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, has died at 76.Full Story >
    By GREG BEACHAM AP Sports Writer Rubin "Hurricane" Carter, the boxer whose wrongful murder conviction became an international symbol of racial injustice, died Sunday. He was 76.Full Story >
  • Ukraine, Russia trade blame for shootout in east

    Ukraine, Russia trade blame for shootout in east

    Sunday, April 20 2014 1:03 PM EDT2014-04-20 17:03:52 GMT
    The Ukrainian and Russian governments are reporting a shootout at a checkpoint set up by pro-Russian insurgents in eastern Ukraine that has left one person dead and others hospitalized with gunshot wounds.Full Story >
    Within hours of an Easter morning shootout at a checkpoint manned by pro-Russia insurgents in eastern Ukraine, Russia's Foreign Ministry issued a statement blaming militant Ukrainian nationalists and Russian state...Full Story >
CINCINNATI, OH (FOX19) -

Cincinnati voters sided with the city council and their new mayor when they struck down Issue 4 at the ballot box on Tuesday.

So, what was Issue 4? Cincinnati has $862 million in unfunded pension liabilities and how to deal with it has been relevant topic leading up to this Election Day. The discussion heated up in July, when a petition began circulation by a group called Cincinnati for Pension Reform that brought Issue 4 to the ballot.

Issue 4 aimed to replace future Cincinnati employee's pension plan with one that claims to be similar to that of a private sector employee's retirement. Through this plan, the city is forced to pay off its $862 million deficit in 10 years.

Issue 4 would have eliminated under funding of the pension system after the deficit was paid off.  Supporters promoted eliminating the streetcar project and using proceeds from the sale of the parking system to fund the shortfall that could be caused by requiring the deficit to be paid off in the next decade. Such a shortfall, according to opponents, would result in higher taxes and cuts to crucial city employees such as firefighters

Issue 4 is modeled after reforms that have passed in only 2 other cities nationwide. The Cincinnati for Pension Reform Committee provided 8,653 valid petition signatures in August to get their measure on the ballot, over 1,200 more signatures than required by Hamilton County Board of Elections.

Despite the initiative successfully landing on the ballot, the measure was openly opposed by many of Cincinnati's public leaders, including new Cincinnati Mayor John Cranley and the sitting city council.

Copyright 2013 WXIX. All rights reserved.

Powered by WorldNow