The retirement plan for City of Cincinnati employees was established on August 1, 1931. It was the first retirement plan for public employees in the State of Ohio and predates the statewide Ohio Public Employees Retirement System.

The City of Cincinnati Employees Retirement System (CRS) is organized as a defined benefit plan and retiree healthcare plan. There are 7,756 participating members; (4,766 retirees and deferred retirements, 2,990 full time active members). On December 31, 2007 the CRS assets were $2.685 billion.

Two Special Meetings of the Cincinnati Retirement System Board of Trustees are scheduled for July 6, 2009 / City Hall in Committee Room B.

The first meeting: 2:30 PM. 

Purpose:

1. The Board will address the motions submitted by the Board Restructuring Committee to hire a Pension Fund Manager and Chief Investment Officer. 

The second meeting: 3:00 PM. 

Purpose:

1. Cavanaugh Macdonald Actuary Report – Continued discussion
2. CRS Pension Fund Solvency and Unfunded Liability Issues
3. Allowable Future Benefit Changes – City Law
4. City Council’s Approved Task Force Changes
5. New Task Force

• City Pension Employee Issues
• CRS 2008 Valuation Presentation
• CRS Pension Valuation Report
• CRS 2009 Health Valuation Report
• CRS 2009 Executive Summary
  

• CRS 4Q Executive Summary
• Rules of the Board of Trustees
• CRS Budget Summary
• CRS Asset Allocation Study

• 2007 Management Report – Actuarial Valuation

• 2007 Actuarial Valuation
• Health Insurance Information