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Actuary: Columbus pension plans in improved position; city required contribution shifts slightly for FY26
Summary
Actuary Chuck Carr told Columbus City Council on May 27 that the city’s required pension contributions for fiscal 2026 will be about $12.25 million for public safety and nearly $7.67 million for the general employee plan, and reviewed long‑term investment performance and funding mechanics.
The city’s actuary, Chuck Carr, presented a high‑level valuation update for the city’s two pension plans at the May 27 council meeting and outlined the contribution requirements for fiscal 2026.
Carr said the July 1, 2024 actuarial valuations determine contribution requirements for FY26. He reported the combined required contribution for the public safety plan for FY26 at about $12,250,000, of which roughly $12,190,000 is expected to come from the city (small shares come from the airport and other entities). For the general employee plan Carr reported a total required contribution of just under…
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