The Fayetteville
City Council will consider a recommendation to a one-time 4 percent discretionary
increase for current participants in its retirement plan.
The increase,
if approved, would cost an estimated $5,568 a year according to figures
provided by the Georgia Municipal Association, which manages the program.
That figure breaks down to $464 a month.
The increase
would become effective Aug. 1 for the coming fiscal year. It was recommended
The matter
has already been posted for its first reading and there were no comments
against the proposal when it was brought up to council. It will likely
be considered at the council's next meeting on Thursday, June 17.
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