AN ORDINANCE
NO ___________
An Ordinance providing for Government funding of a Major Disability Income Plan
for the fiscal year beginning July 1, 2013:
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WHEREAS, Ordinances heretofore adopted by the Council of Columbus, Georgia
established a Major Disability Income Plan for employees; and
WHEREAS, Actuarial Consultants have evaluated the Major Disability Income Plan
and the investment return assumption of 7% annum thus determined that the
amount of $129,992 is required to fund the Plan for the fiscal year beginning
July 1, 2013. 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, 67.89% or $108,010; Columbus Board of
Water Commissioners, 17.79% or $12,180; Hospital Authority of Columbus, 12.46%
or $8,527 and Columbus Airport Commission, 1.86% or $1,274.
NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:
That the following named agencies shall make the following contributions for
fiscal year 2014 to the Finance Director of the Consolidated Government as
their prorated share of the cost of the Major Disability Income Plan by July
15th:
Consolidated Government $108,010
Columbus Board of Water Commissioners $ 12,180
Hospital Authority of Columbus $ 8,527
Columbus Airport Commission $ 1,274
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Introduced at a special called meeting of the Council of Columbus, Georgia,
held the 18th day June, 2013; introduced a second time at a regular meeting of
said Council held on the 25th day of June, 2013, an adopted at said meeting by
the affirmative vote of _____ members of said Council.
Councilor Allen voting____________.
Councilor Baker voting____________.
Councilor Barnes voting___________.
Councilor Davis voting____________.
Councilor Henderson voting________.
Councilor Huff voting_____________.
Councilor McDaniel voting_________.
Councilor Pugh voting_____________.
Councilor Thomas voting___________.
Councilor Woodson voting__________.
______________________________ ______________________________
TINY B. WASHINGTON, CLERK TERESA PIKE TOMLINSON, MAYOR
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