Normal, Reduced Or Early Retirement
Your eligibility for normal, reduced, or early retirement is determined by your group assignment.
Disability Retirement Eligibility
If you become totally and permanently disabled, you are entitled to a monthly disability retirement benefit as long as you have completed five or more years service. If you are disabled as a result of an accident while on the job, you are entitled to a monthly disability retirement benefit regardless of the number of years of service.
All applications for disability retirements are reviewed and approved by the Board of Trustees. Applicants are also required to undergo a medical evaluation by the Board’s designated physician.
Members who are vested (minimum 5 Years Service Credit) and separate from employment BEFORE retirement eligibility may defer their retirement, provided that their pension contributions are kept on deposit with CRS.
Members who choose a deferred retirement are eligible for monthly pension benefits on the 1st day of the month following the member’s eligible birthday (Retirement eligibility rules are determined by the member’s group assignment).
Targeted For Employees Within 10 Years Of Retirement
- Personal Finance Education
- Cincinnati Retirement System
- Social Security Benefits for Public Employees
- Saving for Retirement through Deferred Compensation
Obtain your supervisor's approval & contact your Training Registrar to enroll.
The Cincinnati Retirement System (CRS) was established in 1931, the first Ohio pension plan for general city employees. It pre-dates Social Security and the Ohio Public Employees Retirement System. CRS is a defined benefit pension plan, established by Chapter 203 of the Cincinnati Municipal Code and is a qualified governmental plan for tax purposes pursuant to 26 USC § 414(d). It is governed by an 11-member Board of Trustees: four members elected by active members; one member elected by retirees; and six members appointed by the Mayor and City Council.
CRS is funded by both employee and employer contributions. In 2013 employees contribute 9.0% of pensionable earnings. If the member terminates employment and chooses to withdrawal their employee contributions, the member forfeits all service credit and eligibility for a pension benefit. Employer contributions are not owned by the member and are not eligible for a lump sum withdrawal.
Employee pension contributions are pre-tax and deducted from payroll before Federal and State taxes are calculated. However, employee contributions are subject to City of Cincinnati income tax which is calculated before contributions are deducted. Pension benefits or a refund of employee contributions are taxable for Federal and State purposes when paid to the member, and are exempt from City of Cincinnati income tax.
Monthly pension benefits are payable once the member reaches retirement eligibility and has completed and submitted the required paperwork. Members who fail to submit all required paperwork to CRS in a timely manner will forfeit any benefit that otherwise may have been provided when first eligible.
CRS provides retiree health care benefits that are subject to separate eligibility requirements. Retirement healthcare benefits are always subject to change and are not a vested benefit.
- The City of Cincinnati has 6038 employees. Of this total, 4005 are contributing members of the Cincinnati Retirement System.
- Approximately 4,350 pensioners receive monthly pension benefits.
- Approximately 6,300 retirees, spouses and dependent children are enrolled in retiree health care.
- Market Value of Assets equaled $2.06 billion as of 12/31/2012
- The Retirement plan is governed by the Cincinnati Municipal Code, Chapter 203.
Cincinnati Retirement System
Paula Tilsley is the Executive Director of the Cincinnati Retirement System.
Current Board Of Trustees 2014
- Chris Meyer, Chair
- Christopher Baucom
- Don Beets
- Mark Berliant
- Sally Cuni
- Bev Nussman
- Susan Robinson
- Ely Ryder
- Roger Sims
- John (Jack) Walsh
- Tom West
801 Plum St., Suite 240
Cincinnati OH 45202