Fourth-generation Cincinnatian and Wegman Company vice president Melissa Wegman tells about her life and experiences, as well as some of the issues at stake in the upcoming City Council elections:
On October 10th, the local lawyers’ chapter of the Federalist Society and the Buckeye Institute jointly hosted two speakers to discuss Cincinnati’s public-employee pension system and proposed reforms. More than sixty people came to hear economist Scott Beaulier and former principal deputy commissioner of Social Security Andrew Biggs address the topic over lunch at the University Club of Cincinnati.
The event, headlined “Worse than You Think: Cincinnati’s Underfunded Pensions and an Analysis of Potential Reforms”, started with Professor Beaulier, who argued that public-employee pension systems tend to be subject to certain kinds of structural problems, but that successful reforms are possible. Excerpts: