Columbus, Georgia

Georgia's First Consolidated Government

Post Office Box 1340
Columbus, Georgia, 31902-1340
(706) 653-4013
fax (706) 653-4016

Council Members

AN ORDINANCE

NO ___________





An Ordinance providing for contributions to the Columbus, Georgia General

Government Employees? Pension Plan for the fiscal year beginning July 1, 2015.



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WHEREAS, Ordinances heretofore adopted by the Council of Columbus, Georgia

provided for Governmental Contributions to the Employees? Retirement Plan; and



WHEREAS, Actuarial Consultants have evaluated the Plan and the investment

return of 7% annum thus determined that the amount of $9,292,726 is required to

fund the Plan in the fiscal year ending June 30, 2016. The amount to be

prorated among the Consolidated Government of Columbus, Georgia (including Keep

Columbus Beautiful), 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, 62.97% - $5,850,701 (included Keep

Columbus Beautiful Commission, 0.08%-$7,434); Columbus Board of Water

Commissioners, 18.24% - $1,694,993; Hospital Authority of Columbus, 17.94% -

$1,667,115 and Columbus Airport Commission, 0.85% - $79,917.



NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:



That the following named agencies shall make the following monthly

contributions for fiscal year 2016 to the Finance Director of the Consolidated

Government as their prorated share of the contributions, payable the first of

each month:



Consolidated Government $ 487,558.42

Columbus Board of Water Commissioners $ 141,249.42

Hospital Authority of Columbus $ 138,926.25

Columbus Airport Commission $ 6,659.75



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

9th day of June, 2015; introduced a second time at a regular meeting of said

Council held on the ______ day of _________, 2015, and adopted at said meeting

by the affirmative vote of _____ members of said Council.



Councilor Allen Voting___________

Councilor Baker Voting___________

Councilor Barnes Voting__________

Councilor Buck Voting____________

Councilor Davis Voting____________

Councilor Henderson Voting_______

Councilor Huff Voting____________

Councilor Pugh Voting____________

Councilor Thomas Voting__________

Councilor Woodson Voting_________







_____________________________________________

____________________________________________

TINY B. WASHINGTON, CLERK

TERESA PIKE TOMLINSON, MAYOR

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