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Council approves amendment to GMEBS contract allowing employees to buy preservice credit
Lilburn City Council · December 14, 2025
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Summary
The council approved Amendment No. 1 to the GMEBS defined benefit contract to permit employees to use their 401(a) defined‑contribution funds to purchase preservice credit; actuarial results will determine individual buyback costs and the purchase window is Jan. 1–Feb. 28.
The Lilburn City Council approved Amendment No. 1 to the city’s contract with GMEBS for the defined‑benefit pension program, authorizing a purchase option that allows employees to use 401(a) funds to buy preservice credit.
Roy, a city staff presenter, told the council…
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