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Committee approves 2026 minimum municipal obligations for uniform and nonuniform pensions
5841647 · September 22, 2025
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Summary
The finance committee approved and forwarded minimum municipal obligation figures for the borough's uniform and nonuniform pension plans, required by law to be set in September.
The Finance Administration Committee voted on Sept. 18 to approve and forward the 2026 minimum municipal obligations (MMOs) for the borough's uniform and nonuniform pension plans. The committee's approvals will be presented to Borough Council as required by state law. Staff said the MMO process uses current wage estimates and actuarial formulas to…
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