AN ORDINANCE
NO ___________
An Ordinance providing for Government funding of a Major Disability Income Plan
for the fiscal year beginning July 1, 2006:
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WHEREAS, Ordinances heretofore adopted by the Council of Columbus, Georgia
established a Major Disability Income Plan for employees; and
WHEREAS, Actuarial Consultants have evaluated the Major Disability Income Plan
and the investment return assumption is 7.00% per annum and thus determined
that the amount of $ 88,323 is required to fund the Plan in the fiscal year
beginning July 1, 2006. 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, 86 %-$ 75,957.78; Columbus Board
of Water Commissioners, 8 % - $ 7,065.84; Hospital Authority of Columbus,
5 % - $ 4,416.15 and Columbus Airport Commission, 1 % - $883.23.
NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:
That the following named agencies shall make the following contributions for
fiscal year 2007 to the Finance Director of the Consolidated Government as
their prorated share of the cost of the Major Disability Income Plan by July
15th:
Consolidated Government $ 75,957.78
Columbus Board of Water Commissioners $ 7,065.84
Hospital Authority of Columbus $ 4,416.15
Columbus Airport Commission $ 883.23
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Introduced at a regular meeting of the Council of Columbus, Georgia, held the
13th day of June, 2006; introduced a second time at a regular meeting of said
Council held on the _____ day of June, 2006, an adopted at said meeting by the
affirmative vote of _____ members of said Council.
Councilor Allen Voting __________
Councilor Anthony Voting __________
Councilor Davis Voting __________
Councilor Henderson Voting __________
Councilor Hunter Voting __________
Councilor McDaniel Voting __________
Councilor Rodgers Voting _
Councilor Suber Voting __________
Councilor Pugh Voting __________
Councilor Woodson Voting __________
___________________________ __________________________
TINY B. WASHINGTON ROBERT S. POYDASHEFF
CLERK OF COUNCIL MAYOR
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