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_________
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TINY B. WASHINGTON, CLERK
TERESA PIKE TOMLINSON, MAYOR
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