Posted by AzBlueMeanie:
I mentioned in passing in Tucson City Council Election Preview that the Virginia-based ballot initiative activist Paul Jacob, and his Liberty Initiative Fund, according to his website, is supporting a group called Cincinnati for Pension Reform, which launched a petition drive hoping to gather the 7,443 voter signatures required to place a pension reform charter amendment on this November’s city ballot.
The Tea Party-backed amendment that would semi-privatize Cincinnati’s ailing pension system gathered enough signatures earn a place on the November ballot. German Lopez for the City Beat blog at the Cincinnati Enquirer on August 12 wrote, Pension Amendment Earns Spot on November Ballot:
City officials acknowledge the issues with the current pension system, but they claim the tea party-backed amendment would exacerbate cost problems and reduce payments to future city retirees.
“Under the guise of ‘reform,’ a well-financed out-of-state group is pushing an amendment that spells economic disaster for the future city retirees and the city’s budget,” Vice Mayor Roxanne Qualls said in a statement. “Current and future retirees need an income they can live on. This amendment is a budget-buster for retirees and the city.”
City Council condemned the amendment in a resolution unanimously passed on Aug. 7.