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Cincinnati Retirement System - City of Cincinnati - cincinnati-oh

Cincinnati Retirement System - City of Cincinnati - cincinnati-oh 2025

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The document outlines the Statement of Investment Policy for the Cincinnati Retirement System, established to manage assets for employee benefits. It defines key terms, responsibilities of the Board of Trustees and investment professionals, and details investment objectives, risk tolerance, asset allocation strategies, and guidelines for selecting and evaluating investment managers. The policy aims to ensure prudent management of assets while meeting the system's long-term financial obligations.

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How does the UC retirement plan work?

UC Defined Contribution Plan (DC Plan and Savings Choice) You contribute 7% of your eligible pay, up to $350,000 in the 2025 Plan Year (July 1 to June 30), and UC contributes 8%. When you retire, your account balance will depend on the amount contributed by you and UC, and the performance of your investments.

Does the City of Cincinnati tax retirement income?

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.

Who is eligible for retirement in the City of Cincinnati?

Normal Retirement- Upon docHubing age 62 with at least 30 years service credit OR upon docHubing age 67 with at least 5 years service credit. Credit do not change after separation). Early Retirement Reduced monthly pension at age 57 with minimum 15 years service.

Who is eligible for a retirement plan?

According to the IRS, generally an employee must be enrolled in a qualified retirement plan if he or she is at least 21 years of age and has completed one year of service.

How do I contact the City of Cincinnati?

Please call 311 or (513) 765-1212, visit .311Cincy.com or download the 311Cincy mobile app to request services or file a complaint.

Who is entitled to retirement?

Presidential Decree 1146 ( Pension or Cash Payment) (Effective May 31, 1977) Eligibility Criteria: You must have rendered at least 15 years of service and must at least be 60 years old upon retirement; and. Your last 3 years of service prior to retirement must be continuous and your employment status is permanent.

Who is eligible for the Society of the Cincinnati?

Hereditary members of the Society of the Cincinnati are qualified male descendants of commissioned officers who served in the Continental Army or Navy, or of officers of the French royal forces who served in America during the Revolutionary War.

Cincinnati Retirement System - City of Cincinnati - cincinnati-oh 2025

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