An Ordinance providing for the employer contributions to the Columbus, Georgia Pension Plan for employees of the Department of Public Safety for the fiscal year beginning July 1, 2016:
WHEREAS, Ordinances heretofore adopted by the Council of Columbus, Georgia provided for governmental contributions to the Public Safety Employees Pension Plan for the benefit of eligible employees; and
WHEREAS, the Actuarial Consultants have evaluated the Public Safety Employees’ Pension Plan, and the investment return assumption of 7% per annum, and thus determined that the funding required for fiscal year ending June 30, 2017 is $11,544,245. The amount to be prorated among the CCG Public Safety Employees is 99.21% or $11,453,045 and Columbus Airport Commission Public Safety Employees is 0.79% or $91,200.
NOW THEREFORE THE COUNCIL OF COLUMBUS, GEORGIA HEREBY ORDAINS:
That the following named agencies shall make the following monthly contributions for fiscal year 2017 to the Finance Director of the Consolidated Government as their prorated share of the contributions, payable the first of each month:
Consolidated Government $ 954,420.42
Columbus Airport Commission $ 7,600.00
Introduced at a regular meeting of the Council of Columbus, Georgia, held the
day of June, and introduced a second time at a regular meeting of said Council held on the
day of June, 2016 and 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 Garrett voting____________.
Councilor Henderson voting_________.
Councilor Huff voting______________.
Councilor Pugh voting______________.
Councilor Thomas voting___________.
Councilor Woodson voting__________.
TINY B. WASHINGTON, CLERK TERESA PIKE TOMLINSON, MAYOR