FINANCIAL_SERVICESONGOING

City of Watkinsville Recommended Fiscal Year 2027 Capital & Operating Budget 2026-05-01

City Funds GMEBS Defined Benefit Retirement Plan

Approximately $130,000 annually (about $6,190 per employee)City of WatkinsvilleGEORGIA MUNICIPAL ASSOCIATION'S (GMA) GEORGIA MUNICIPAL EMPLOYEE BENEFIT SYSTEM (GMEBS)May 1, 2026

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Description

Watkinsville has implemented a defined benefit retirement plan with the Georgia Municipal Association's GMEBS program for eligible employees, with FY27 contributions estimated at about $130,000. The plan is intended to strengthen recruitment and retention, particularly for police officers.

Contract Details

Contract Amount

Approximately $130,000 annually (about $6,190 per employee)

Vendor

GEORGIA MUNICIPAL ASSOCIATION'S (GMA) GEORGIA MUNICIPAL EMPLOYEE BENEFIT SYSTEM (GMEBS)

Agency

City of Watkinsville, GA

Contract Type

FINANCIAL_SERVICES

Document Date

May 1, 2026

Contract Term

Effective December 1, 2025; ongoing defined benefit plan

Renewal Info

Ongoing participation in the GMEBS defined benefit plan, with annual contributions budgeted; no fixed end date stated.

Issuing Agency