AN ORDINANCE
NO ___________
An Ordinance providing for Government funding of a Major Disability Income Plan
for the fiscal year beginning July 1, 2011; and for other purposes.
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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 of 7% annum thus determined that the
amount of $80,000 is required to fund the Plan for the fiscal year beginning
July 1, 2011. 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, 84.61% or $67,688; Columbus Board of Water
Commissioners, 8.73 % or $6,984; Hospital Authority of Columbus, 5.68% or
$4,544 and Columbus Airport Commission, 0.98% or $784.
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 Major Disability Income Plan by July
15th:
Consolidated Government $67,688
Columbus Board of Water Commissioners $ 6,984
Hospital Authority of Columbus $ 4,544
Columbus Airport Commission $ 784
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Introduced at a regular meeting of the Council of Columbus, Georgia, held the
14th day June, 2011; introduced a second time at a special meeting of said
Council held on the _____ day of June, 2011, 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 Teresa Pike Tomlinson,
Mayor
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