File #: 202100178    Version: 1
Type: Communication Status: Filed/Sunset
File created: 1/14/2021 In control: Budget and Finance Committee
On agenda: 1/19/2021 Final action: 1/19/2021
ORD/RES# date: ORD/RES#:
Title: COMMUNICATION, dated 01/12/2021, submitted by Councilmember Mann, from William E. Moller, Chair, Cincinnati Retirement System, Board of Trustees, REQUESTING on behalf of the Cincinnati Retirement System (CRS) Board of Trustees. The CRS Board is responding to # 202002362, Ordinance (Emergency) Version B, Modifying Administrative Code, Article XV, "Retirement System". The intent of the ordinance is to modify the Administrative Code to comply with the Collaborative Settlement Agreement (CSA) approved on October 15, 2015 by the United States District Court, Southwestern Ohio District. The CSA includes CRS Board reforms. The CRS Board appreciates that the City Administration has asked for the CRS Board input and has made some changes based on that input. Nonetheless, the CRS Board request wo changes to the ordinance which would benefit the long-term stability of the Board. The City Administration has directed the Board to the Budget and Finance Committee for consideration of this requ...
Sponsors: David Mann
Indexes: Cincinnati Retirement System (CRS)
Attachments: 1. CRS Board Response PAGE 1, 2. CRS Board Response PAGE 2
Related files: 202002362

title

 

COMMUNICATION, dated 01/12/2021, submitted by Councilmember Mann, from William E. Moller, Chair, Cincinnati Retirement System, Board of Trustees, REQUESTING on behalf of the Cincinnati Retirement System (CRS) Board of Trustees.  The CRS Board is responding to # 202002362, Ordinance (Emergency) Version B, Modifying Administrative Code, Article XV, “Retirement System”.  The intent of the ordinance is to modify the Administrative Code to comply with the Collaborative Settlement Agreement (CSA) approved on October 15, 2015 by the United States District Court, Southwestern Ohio District.  The CSA includes CRS Board reforms.  The CRS Board appreciates that the City Administration has asked for the CRS Board input and has made some changes based on that input.  Nonetheless, the CRS Board request wo changes to the ordinance which would benefit the long-term stability of the Board.  The City Administration has directed the Board to the Budget and Finance Committee for consideration of this request.

 

recommendation

 

BUDGET & FINANCE COMMITTEE