Council adopts pension changes expanding accruals and altering vesting schedule
Council adopted Ordinance 26-041 amending the Columbus pension plan to reduce vesting schedules for active participants, add benefit accruals for up to 40 years of service, and adjust contributions for employees hired after July 1, 2012; the measure passed unanimously.
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On second reading the Columbus City Council adopted Ordinance (26-041) to amend the Columbus, Georgia Pension Plan for General Government Employees and the Department of Public Safety plan. Councilor Glenn Davis moved adoption, Councilor Charmaine Crabb seconded, and the ordinance carried unanimously by the ten members present.
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