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Title:
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AN ORDINANCE TO AMEND THE GEORGIA MUNICIPAL EMPLOYEE BENEFIT SYSTEM DEFINED BENEFIT RETIREMENT PLAN BY ADOPTING A GENERAL ADDENDUM TO THE MASTER PLAN TO INCREASE THE BENEFIT FORMULA FROM 1.5% TO 1.75% FLAT PERCENTAGE FORMULA FOR PARTICIPANTS WHO TERMINATE ON OR AFTER OCTOBER 16, 2017; APPROVING AN ADOPTION AGREEMENT AS PREPARED BY THE GEORGIA MUNICIPAL ASSOCIATION; TO ESTABLISH AN EFFECTIVE DATE; TO REPEAL CONFLICTING ORDINANCES; AND FOR OTHER PURPOSES.
1st Reading - 9/18/17 2nd Reading - 10/02/17
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