AN ORDINANCE
NO ___________
An Ordinance providing for contributions to the Columbus, Georgia General
Government Employees? Pension Plan for the fiscal year beginning July 1, 2010:
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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 $11,423,000 is required
to fund the Plan in the fiscal year beginning July 1, 2010. 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, 72.06% or $8,231,414; Columbus Board of Water Commissioners, 16.42%
or $1,875,657; Hospital Authority of Columbus, 9.78% or $1,117,169 and Columbus
Airport Commission, 1.74% or $198,760.
NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:
That the following named agencies shall make the following monthly
contributions for fiscal year 2011 to the Finance Director of the Consolidated
Government as their prorated share of the contributions, payable the first of
each month:
Consolidated Government $ 685,951.17
Columbus Board of Water Commissioners $ 156,304.75
Hospital Authority of Columbus $ 93,097.42
Columbus Airport Commission $ 16,563.33
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Introduced at a regular meeting of the Council of Columbus, Georgia, held the
8th day of June, 2010; introduced a second time at a special meeting of said
Council held on the _______ day of ___________, 2010, 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 Pugh Voting __________
Councilor Woodson Voting __________
______________________________ _____________________________
TINY B. WASHINGTON, CLERK JIM WETHERINGTON, MAYOR
Attachments
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