RESOLUTION
NO._______
WHEREAS, Columbus, Georgia Consolidated Government (hereinafter, the ?Plan
Sponsor") established the Columbus Consolidated Government Deferred
Compensation Plan (hereinafter, the ?Plan"), effective January 19, 1996 for the
exclusive benefit of its employees and their beneficiaries; and
WHEREAS, in order to implement a new Service Provider Contract for the Plan
and make necessary updates to comply with federal tax law, it is necessary and
appropriate to amend and restate the Plan in the form of the Plan attached
hereto; and
WHEREAS, it is desirable to create a Deferred Compensation Board and delegate
certain functions relating to the Plan to that Board and to delegate other
administrative functions to certain CCG staff members.
NOW, THEREFORE, THE COUNCIL OF COLUMBUS, GEORGIA HEREBY RESOLVES AS FOLLOWS:
1) The Mayor, on behalf of the Plan Sponsor, is hereby authorized to execute
the attached amendment and restatement of the Plan to become effective May 13,
2016.
2) The City Manager, or his designee, is authorized to execute all agreements
as may be necessary to implement and administer the Plan including but not
limited to Service Provider Agreements and Custodial Agreements or amendments
of those documents. Various officials including the Director or Assistant
Director of Finance, the Director or Assistant Director of Human Resources, the
Payroll Supervisor and Retirement Manager are hereby authorized to undertake
any day to day administrative duties for the Plan which are the responsibility
of the Plan Sponsor.
3) There is hereby created a Deferred Compensation Board which shall serve to
oversee the Plan and make such discretionary decisions as may be required for
the administration of the Plan. The Board?s duties will include a quarterly
review of the performance of Service Providers and their offerings, and
receiving and considering any comments or suggestions concerning the Plan which
are presented by Plan Participants. The Board is also permitted by the Plan to
adopt Plan Amendments which are deemed by counsel to be legally required or
other amendments which do not substantially increase costs, contributions or
benefits and do not materially affect the eligibility, vesting or benefit
accrual or allocation provisions of the Plan.
The Board will consist of five members: 1) the Director of Human Resources or
her designee by title, 2) the Director of Finance or her designee by title, 3)
a general government employee who is a Plan Participant to be selected by the
City Manager, 4) a Public Safety employee who is a Plan Participant to be
selected by the Mayor in her capacity as the Director of Public Safety, and 5)
a volunteer from the business community with expertise in the administration of
deferred compensation plans nominated and confirmed by Council. The first two
positions will be ex-officio voting members with no term limit. The persons
appointed to fill positions 3,4, and 5 will be appointed for terms of three
year terms and may succeed the themselves for one additional term.
Introduced at a regular meeting of the Council of Columbus, Georgia held on the
22nd day of March, 2016, 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
Attachments