AN ORDINANCE
NO ___________
An Ordinance providing for Government funding of a Major Disability Income Plan
for the fiscal year beginning July 1, 2016:
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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% per annum, and thus determined that
the amount of $444,176 is required to fund the Plan for the fiscal year ending
June 30, 2017. The amount to be prorated among the Consolidated Government of
Columbus, Georgia (including Keep Columbus Beautiful Commission), 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
79.75% or $354,231 (includes Keep Columbus Beautiful Commission, 0.06% or
$267); Columbus Board of Water Commissioners, 7.73% or $34,335; Hospital
Authority of Columbus, 11.72% or $52,057, and the Columbus Airport Commission,
0.80 % or $3,553.
NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:
That the following named agencies shall make the following contributions for
fiscal year 2017 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 $ 354,231
Columbus Board of Water Commissioners $ 34,335
Hospital Authority of Columbus $ 52,057
Columbus Airport Commission $ 3,553
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Introduced at a regular meeting of the Council of Columbus, Georgia, held the
7th day June, 2016; introduced a second time at a regular meeting of said
Council held on the _______ day of June, 2016, 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 Garrett 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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