Columbus, Georgia

AN ORDINANCE



NO. _________



Amending Columbus Code, Chapter 16A, so as to increase the membership of the

Board of Trustees for the Columbus, Georgia Employees' Pension Plan, Disability

Income Plan, Death Benefit Plan for Retirees, and Public Safety Pension Plan

from ten members to eleven members; and for other purposes.



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THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:



SECTION 1.



Columbus Code Section 16A-13 (13.01) is hereby amended by deleting

the first sentence in its entirety and by substituting a new first

sentence to read as follows:



"13.01. The plan and fund shall be administered as a trust for the

exclusive benefit of the members and their beneficiaries by a board of eleven

members, consisting of three persons designated by title, six persons

designated by name and two persons designated by a combined process of election

and appointment from departments under the supervision of the city manager and

departments under the supervision of the mayor in his capacity as director of

public safety."



SECTION 2.



Columbus Code Section 16A-13 (13.02) is hereby amended by deleting the

first paragraph in its entirety and by substituting a new first

paragraph to read as follows:



"13.02. The six trustees designated by name shall be selected by the mayor and

shall be subject to approval of the Council of Columbus, Georgia. Of these six

trustees, five shall be selected from the local business community and one

shall be selected from among the membership of the Retired City Employees

Association, Inc. In the event of the resignation, removal, or

disqualification of a trustee designated by name, the mayor shall promptly

designate a replacement trustee subject to approval of the council. The six

trustees designated by name shall serve four-year staggered terms of office as

determined by the mayor. One trustee selected from the local business

community shall be a member of the State Bar of Georgia and have a minimum of

five years experience with public pension plan design, public pension fund

accounting, actuarial valuations, public pension fund investing, and the

provisions of federal and state law impacting public employee pension plans to

include Employment Retirement Income Security Act (ERISA), the Internal Revenue

Code, Governmental Accounting Standards Board (GASB) statements and Generally

Accepted Accounting Principles (GAAP). Four trustees selected from the local

business community shall have a minimum of five years experience in banking,

financial planning, pension fund investing or actuarial valuations and possess

a familiarity with public pension plan design, investing, and reporting."



SECTION 3.



Section 16A-25 (25.01) is hereby deleted in its entirety and there is

substituted a new Section 16A-25 (25.01) to read as follows:



"25.01. The plan and fund shall be administered as a trust for the exclusive

benefit of the members and their beneficiaries by the same board of trustees

designated in Section 16A-13 of this chapter."





SECTION 4.



Section 16A-40 (40.01) is hereby deleted in its entirety and there is

substituted a new Section 16A-40 (40.01) to read as follows:



"40.01. The plan and fund shall be administered as a trust for the exclusive

benefit of the members and their beneficiaries by the same board of trustees

designated in Section 16A-13 of this chapter."



SECTION 5.



Section 16A-53 (53.01) is hereby deleted in its entirety and there is

substituted a new Section 16A-53 (53.01) to read as follows:



"53.01. The plan and fund shall be administered as a trust for the exclusive

benefit of the members and their beneficiaries by the same board of trustees

designated in Section 16A-13 of this chapter."



SECTION 6.



All ordinances or parts of ordinances in conflict with this ordinance are

hereby repealed.



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Introduced at a regular meeting of the Council of Columbus, Georgia held on the

______ day of ________, 2002; introduced a second time at a regular meeting of

said Council held on the ______ day of ________, 2002, and adopted at said

meeting by the affirmative vote of ________ members of said Council.









Councilor Allen voting ______.

Councilor Henderson voting ______.

Councilor Hunter voting ______.

Councilor McDaniel voting ______.

Councilor Poydasheff voting ______.

Councilor Rodgers voting ______.

Councilor Smith voting ______.

Councilor Suber voting ______.

Councilor Turner Pugh voting ______.

Councilor Woodson voting ______.











______________________________ ______________________________

TINY B. WASHINGTON BOBBY G. PETERS

CLERK MAYOR