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Township staff present 2024 pension contribution estimates; police plan rises most
Middletown Township Board of Supervisors · September 19, 2023
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Summary
Township staff presented the 2024 Minimum Municipal Obligation (MMO) estimates required under Act 205: $485,998 for the nonuniform plan (up $22,081) and an estimated roughly $3.0 million for the police plan; figures are informational and must be certified by Sept. 30.
Township staff presented the 2024 Minimum Municipal Obligation (MMO) estimates for Middletown’s pension plans, noting the figures must be certified under state law (Act 205) by Sept. 30.
Ms. Mindari, presenting the estimates prepared from the January 1, 2021 actuarial valuation and noting an updated valuation…
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