AN ORDINANCE
NO ___________
An Ordinance providing for Government funding of a Death Benefit Escrow for the
fiscal year beginning July 1, 2010:
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WHEREAS, Ordinances heretofore adopted by the Council of Columbus, Georgia
provided a Death Benefit Escrow Fund for employees; and
WHEREAS, Actuarial Consultants have evaluated the Death Benefit Escrow Plan and
the investment return of 7% annum thus determined that the amount of $170,000
is required to fund the Plan for 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, 84.76% or $144,092; Columbus Board of Water
Commissioners, 8.96% or $15,232; Hospital Authority of Columbus, 5.33% or $
9,061 and Columbus Airport Commission, .95% or $1,615.
NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:
That the following named agencies shall make the following contributions for
fiscal year 2011 to the Finance Director of the Consolidated Government as
their prorated share of the cost of the Death Benefit Escrow Fund by July 15th:
Consolidated Government $ 144,092
Columbus Board of Water Commissioners $ 15,232
Hospital Authority of Columbus $ 9,061
Columbus Airport Commission $ 1,615
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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 __________
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TINY B. WASHINGTON, CLERK JIM WETHERINGTON, MAYOR
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