City of LaGrange Annual Budget FY 2026-27 2026-07-01
City funds GMEBS pension with $3 million contribution
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Description
LaGrange will contribute approximately $3 million in FY 2027 to the Georgia Municipal Employee’s Benefit System pension plan, maintaining a strong funded status for employee retirements. The City continues its long-term participation in this statewide plan.
Contract Details
Contract Amount
Approximately $3,000,000 annual contribution for FY 2027
Vendor
GEORGIA MUNICIPAL EMPLOYEE’S BENEFIT SYSTEM
Agency
City of LaGrange, GA
Contract Type
FINANCIAL_SERVICES
Document Date
June 30, 2026
Contract Term
Ongoing participation; actuarially determined contributions annually
Renewal Date
2027-06-30
Renewal Info
Annual actuarially determined contributions are required to maintain plan funding; participation is ongoing.
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