Columbus, Georgia

Georgia's First Consolidated Government

Post Office Box 1340
Columbus, Georgia, 31902-1340
(706) 653-4013
fax (706) 653-4016

Council Members

Agenda Item #



Columbus Consolidated Government

Council Meeting



June 17, 2014



Agenda Report #



TO: Mayor and Council



SUBJECT: Pension Plan Funding Ordinances



INITIATED: Human Resources Department and Finance Department



________________________________________________________________





Recommendation: Approve pension ordinances that provide governmental

contributions to the Columbus, Georgia Employees? Pension Plans for the fiscal

year beginning July 1, 2014.



Background: Annual contributions are required to fund the following Pension

Plans based on the 2013 Actuarial Valuation prepared by Southern Actuarial

Services:



1. Columbus, Georgia Employees Pension Plan for General Government Employees



2. Columbus, Georgia Employees Pension Plan for Employees of the Department of

Public Safety



3. Columbus, Georgia Employees Major Disability Income Plan



4. Columbus, Georgia Employees Death Benefit Escrow Plan



Analysis: There is a budgetary and financial impact.



Legal: The City Attorney has reviewed a copy of the ?Pension Plan Ordinances?

and there are no issues other than compliance of the law.



Financial Considerations: Funding of the minimum required contributions

beginning July 1, 2014 through June 30, 2015.



Recommendation/Actions: Finance and Human Resources recommend the approval of

the above ordinances.





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