FINANCIAL_SERVICESAPPROVED

Columbus Consolidated Government AgendaPacket 2026-06-02

Water Board Pension Contributions Set for FY 2027

$84,088.83 per month ($1,009,066 annually)Muscogee CountyCOLUMBUS BOARD OF WATER COMMISSIONERSMay 31, 2026

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Description

Council’s pension funding ordinance requires the Columbus Board of Water Commissioners to contribute $84,088.83 per month in FY 2027 toward the General Government Employees’ Pension Plan. The annual obligation of $1,009,066 represents 20.19% of the plan’s required funding.

Contract Details

Contract Amount

$84,088.83 per month ($1,009,066 annually)

Vendor

COLUMBUS BOARD OF WATER COMMISSIONERS

Agency

Muscogee County, GA

Contract Type

FINANCIAL_SERVICES

Document Date

May 31, 2026

Contract Term

Monthly contributions during FY 2027 (July 1, 2026 – June 30, 2027)

Renewal Date

2027-06-30

Renewal Info

Annual pension contribution amount set for FY 2027 based on July 1, 2025 actuarial valuation; future years to be recalculated by actuarial consultants and adopted by ordinance.

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