It really is that hard to balance the budget

APRIL 17, 2019 | SENTINEL-TRIBUNE (OHIO) | by Gary Lee

Is federal deficit spending a problem? You bet. But it isn’t our biggest problem yet.

OPERS pension plans are secure

FEBRUARY 5, 2019 | THE NEWS RECORD (UNIVERSITY OF CINCINNATI STUDENT NEWSPAPER)

“I would like to clear up several misstatements in the recent News Record article about University of Cincinnati employee pensions. … The crux of the article — the university’s net pension liabilities — is a figure that the Governmental Accounting Standards Board requires the university to report in their financial statements. However, the university’s only responsibility is to remit the statutorily required contribution rates, and this liability is reflected for accounting purposes only. …”

Ohio police & fire pension targets real assets in 2018

JANUARY 10, 2019 | CHIEF INVESTMENT OFFICER | by Elijah Owens

“The Ohio Police & Fire Pension Fund (OPFP) is making a concerted effort to build out its real assets portfolio, after the board approved a pacing plan to invest $290 million in the asset class throughout the 2019 calendar year. … Private infrastructure has been trending amongst institutional investors lately, since the characteristics of a long-term investment with stable, sometimes predictable cash flows fit the long-term and risk-adverse [sic] nature of public pension plans.” (Note: Looks like the 2009-2010 bailouts “worked.” Look out below.)

As retiree health-care costs soar, public employers turn to private insurers

JANUARY 9, 2019 | GOVERNING

The cost of retiree health care is spiraling out of control. In just two years, according to a recent S&P Global Ratings report, unfunded retiree health-care liabilities across the 50 states increased by $100 billion to now just under $700 billion.

Ohio becomes first state to accept bitcoin for tax payments

NOVEMBER 26, 2018 | THE CINCINNATI ENQUIRER | by Jessie Balmert

COLUMBUS - Ohio businesses now can pay their taxes with check, money order and ... bitcoin. On Monday, Ohio became the first state in the nation to accept the cryptocurrency, bitcoin, for 23 different business taxes ranging from sales tax to severance taxes on oil and gas. 

Watchdog group gives Ohio ‘D’ rating in finance

SEPTEMBER 25, 2018 | OHIO WATCHDOG | by Tyler Arnold

Truth in Accounting, a non-profit focused on fiscal transparency and accountability, gave Ohio a "D" for its current financial state.

Dayton leaders want to make whistleblower complaints easier

SEPTEMBER 21, 2018 | DAYTON DAILY NEWS (OHIO) | by Cornelius Frolik

The city of Dayton is looking to provide whistleblower services to field complaints about fraud, waste, abuse, illegal and unethical activities and wrongdoing.

Some states sitting on piles of cash, and cities want a cut

AUGUST 21, 2018 | THE NEW YORK TIMES | by Timothy Williams

Welcome to Lorain, where the mayor, Chase Ritenauer, would like to show you around. The police car over there? It broke down during a pursuit not long ago, leaving the officer to continue the chase on foot. The new high school? It is part of a school system so badly underfunded that it is now overseen by the state. 

Shared sacrifice needed in pension crisis

AUGUST 21, 2018 | THE MORROW COUNTY SENTINEL (OHIO) | by Connie Mack IV

In Mid-July, Ohio Senators Sherrod Brown and Rob Portman chaired a hearing in Columbus on the multi-employer pension plan (MEPP) crisis. Reading the coverage of their efforts led me to seek the opportunity to visit Ohio and visit first-hand to those most effected by this issue.

Ohio workers’ pension fund woes are symbolic of a national problem

JULY 30, 2018 | REUTERS | by Mark Miller

Roberta Dell has worked for 46 years making lollipops, and she loves her job. But she worries that retirement may not be as sweet as the Dum Dum lollipops she bags.

Retirees fear pension cuts; potential crisis could reach 66 in Connecticut

JULY 24, 2018 | REPUBLICAN-AMERICAN (CONNECTICUT) | by Susan Tompor

Marsha Rarick, 66, worked 21 years driving a truck and hauling cars, mostly Jeeps out of Toledo, Ohio.

Lawmakers warn of economic fallout from failing pensions

JULY 19, 2018 | WEST VIRGINIA PUBLIC BROADCASTING | by Becca Schimmel, Ohio Valley Resource

United Mine Workers President Cecil Roberts fired up a crowd of thousands of union workers in Columbus, Ohio, with a simple chant: “Fix it!”

Are wobbly pension funds too big to fail?

JULY 16, 2018 | THE COLUMBUS DISPATCH

Later this year if we’re lucky, some groundwork laid in Columbus this past week could help to steady a precarious national house of cards known as multiemployer pension plans. 

Hearing set to resolve Ohio pension crisis

JULY 13, 2018 | WSAZ-TV (OHIO) | by Leanne Shinkle

Several lawmakers in our region are headed Friday to Columbus, Ohio, to come up with a solution to the pension crisis impacting more than a million Americans and thousands of small businesses across the nation.

Thousands to rally in Ohio for solution to pension crisis

JULY 12, 2018 | BRADENTON HERALD (FLORIDA)

Organizers say they're expecting thousands of workers and retirees to descend on Ohio's capital to push for solving the nation's burgeoning pension crisis.

Thousands of workers and retirees head to Ohio to protest pension cuts and pressure Congress to act

JULY 11, 2018 | PENSION RIGHTS CENTER

On Thursday July 12th, thousands of active and retired mineworkers, truck drivers, warehouse workers, bakery workers and others who worked hard to earn a lifetime pension are rallying in Columbus, Ohio to urge lawmakers to protect their benefits.

National pension committee coming to Columbus

JULY 11, 2018 | DAYTON DAILY NEWS (OHIO) | by Jessica Wehrman

Denny Pickens spent more than 43 years working for the coal mines in anticipation of the prize at the finish line, the pension he’d spent four decades working for.

Shine a light on shadowy investments with state funds

JUNE 13, 2018 | FREMONT NEWS MESSENGER (OHIO) | by John Damschroder

Not all the surprises at the Ohio Statehouse bring bad news.

Sherrod Brown pushes pension solution, as crisis looms over Senate race

MAY 23, 2018 | WOSU RADIO (OHIO) | by Karen Kasler

Some 1.3 million retired unionized workers are facing a growing crisis surrounding underfunded pensions.

Some union retirees could see pension benefits cut 90%, PBGC chief warns

MAY 18, 2018 | FORBES | by Ted Knutson

Some union retirees could see their pension benefits cut by 90 percent, Pension Benefit Guaranty Corporation Director Tom Reeder warned today.

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