The city of East Point Employees Retirement Plan marks a major milestone by reaching its largest total value of assets in the city’s history. To date, the plan has over 102 million assets with a 12 percent return. The East Point Pension Board doubled the city’s assets in six years. As of Jan. 1, funding of the plan increased by 25 percent and liabilities were cut by 50 percent.
According to city officials, the retirement plan is one of few plans in the state to receive recognition for meeting professional standards for plan funding and administration. The city’s plan is the 2017 recipient of the Public Pension Standards Award for Funding and Administration by the Public Pension Coordinating Council. The city’s plan also received a Certificate of Excellence in Public Pension Reporting and Transparency from the National Conference on Public Employee Retirement Systems.
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