AN ORDINANCE
NO ___________
An Ordinance providing for contributions to the Columbus, Georgia General
Government Employees? Pension Plan for the fiscal year beginning July 1, 2009:
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WHEREAS, Ordinances heretofore adopted by the Council of Columbus, Georgia
provided for Governmental Contributions to the Employees? Retirement Plan;
WHEREAS, Actuarial Consultants have evaluated the Plan and investment return
assumption is 7.00% per annum thus determined that the amount of $ 9,356,090 is
required to fund the Plan in the fiscal year beginning July 1, 2009. The
amount to be prorated among the Consolidated Government of Columbus, Georgia,
the Columbus Board of Water Commissioners, the Hospital Authority of Columbus,
and the Columbus Airport Commission based on actual earnings of the active
participants in the Plan for the previous fiscal year is as follows:
Consolidated Government, 72.42% - $6,775,680; Columbus Board of Water
Commissioners, 16.15% - $ 1,511,009; Hospital Authority of Columbus, 9.38% -
$877,601 and Columbus Airport Commission, 2.05% - $191,800.
NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:
That the following named agencies shall make the following monthly
contributions for fiscal year 2010 to the Finance Director of the Consolidated
Government as their prorated share of the contributions, payable the first day
of each month:
Consolidated Government $ 564,640.00
Columbus Board of Water
Commissioners $ 125,917.42
Hospital Authority of Columbus $ 73,133.42
Columbus Airport Commission $ 15,983.34
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Introduced at a regular meeting of the Council of Columbus, Georgia, held the
2nd day of June, 2009; introduced a second time at a regular meeting of said
Council held on the ___ day of June, 2009, an adopted at said meeting by the
affirmative vote of _____ members of said Council.
Councilor Allen Voting __________
Councilor Anthony Voting __________
Councilor Baker Voting __________
Councilor Barnes Voting __________
Councilor Davis Voting __________
Councilor Henderson Voting __________
Councilor Hunter Voting __________
Councilor McDaniel Voting __________
Councilor Turner Pugh Voting __________
Councilor Woodson Voting __________
____________________________ __________________________
Tiny B. Washington, Clerk J. Wetherington, Mayor
Attachments
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