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, 2008:







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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 assumption is 7.00% per annum and thus determined that the amount of $

8,451,934 is required to fund the Plan in the fiscal year beginning July 1,

2008. 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 % or $ 6,085,392.48; Columbus Board of Water

Commissioners, 16 % or $ 1,352,309.40; Hospital Authority of Columbus, 10 % or

$ 845,193.36 and Columbus Airport Commission, 2 % or $169,038.72.



NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:



That the following named agencies shall make the following monthly

contributions for fiscal year 2009 to the Finance Director of the Consolidated

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

each month:



Consolidated Government $ 507,116.04

Columbus Board of Water Commissioners $

112,692.45

Hospital Authority of Columbus $ 70,432.78

Columbus Airport Commission $ 14,086.56





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

10th day of June, 2008; introduced a second time at a regular meeting of said

Council held on the ____ day of June, 2008, and 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 __________





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TINY B. WASHINGTON, CLERK JIM WETHERINGTON, MAYOR

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