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(2/21/11): City Council Preparing to Strip Retirees of Benefits Tomorrow |
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Cincinnati City Council preparing to vote this week to strip retirees of benefits. The meeting will be held tomorrow (2/22/11) at 1:00 PM at City Hall.
Cincinnati NAACP Media Release
CINCINNATI, OHIO - FEBRUARY 21, 2011 - Cincinnati City Council preparing to vote this week to strip retirees of benefits. The meeting will be held tomorrow at 1:00 PM at City Hall. "Council will break their promise to retirees which will begin a political revolution of epic proportion. Council continues to lie about the facts of how we arrived at this financial disaster," Christopher Smitherman, President of the Cincinnati NAACP said.
Council is moving to cut the death benefits of current retirees. Many of those who signed the contract with the city are no longer insurable. "The retiree can not turn back the clock and buy life insurance or buy a product at a reasonable price today. Council is making a mean-spirited recommendation. All retirees should be in chambers tomorrow and face the tragic news. City Council members have been a poor steward of your retirement money," Smitherman says.
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