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, 2014:



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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 assumed

investment return of 7% per annum and thus determined that the amount of $

11,301,324 is required to fund the Plan in the fiscal year ending June 30,

2015. The amount to be prorated among the Consolidated Government of Columbus,

Georgia, the Columbus Board of Water Commissioners, the Hospital Authority of

Columbus, the Columbus Airport Commission and Keep Columbus Beautiful

Commission based on actual earnings of the active participants in the Plan for

the previous fiscal year is as follows: Consolidated Government, 65.72% -

$7,427,230; Columbus Board of Water Commissioners, 18.16% - $2,052,320;

Hospital Authority of Columbus, 14.96% - $1,690,678 and Columbus Airport

Commission, 1.07% - $120,924 and Keep Columbus Beautiful Commission, 0.09% -

$10,172.



NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:



That the following named agencies shall make the following monthly

contributions for fiscal year 2015 to the Finance Director of the Consolidated

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

each month:



Consolidated Government $ 618,935.83

Columbus Board of Water Commissioners $ 171,026.66

Hospital Authority of Columbus $ 140,889.83

Columbus Airport Commission $ 10,077.00

Keep Columbus Beautiful Commission $ 847.66





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

17th day of June, 2014; introduced a second time at a regular meeting of said

Council held on the ________ day of June, 2014, 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 Henderson Voting______

Councilor Huff Voting___________

Councilor McDaniel Voting_______

Councilor Pugh Voting___________

Councilor Thomas Voting_________

Councilor Woodson Voting________





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_______________________________

SANDRA T. DAVIS TERESA PIKE TOMLINSON

DEPUTY CLERK MAYOR

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