Cincinnati voters, going against a rising tide of pension reform across the country, this week soundly rejected major changes to the city's public retirement system, which is facing unfunded liabilities of $870 million.
Nearly four-fifths percent of voters (78 percent) said no to the initiative that won a spot on the ballot when the Cincinnati for Pension Reform Committee, a private group with ties to the Tea party, collected the required number of signatures on petitions.
The entire City Council and both candidates for mayor went on record against the measure, which would have mandated that the city eliminate the funding gap within a decade.
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