Columbus (Ga.) Consolidated Government Retirement System is looking at alternatives for its $155 million defined benefit plan, including switching to a defined contribution plan, said Kay Love, finance director. City officials think the city’s annual contribution of $10 million is too expensive, Ms. Love said. Plan officials have not set a date on a decision, she said.
The plan’s asset allocation is 55% equity and 45% fixed income. Mercer Human Resources is advising.