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Murrysville hears pension report; council adopts 5% police contribution for 2026
Summary
Mariner Financial reported a strong 2025 for the borough pension plans, and the council unanimously adopted Ordinance No. 11 o 9-26 setting the police contribution rate at 5% for calendar year 2026.
Chris Brokaw of Mariner Financial presented the borough’s pension results, reporting that "the return for 2025 was over 13%" and the five‑year return was 8.14%. He said plan assets rose to $34,700,000 and that the plans are meeting actuarial benchmarks: the police plan was 96% funded and the non‑uniform employee plan about 103.6% funded as of the most recent actuarial report. Brokaw noted the municipality contributed $453,000 to the police plan and $141,000 to the non‑uniform plan in 2025 and that distributions to retirees totaled about $2.1 million that year.
Council then considered Ordinance No. 11 o 9-26, which sets the police pension contribution rate for calendar year 2026 at 5 percent. Staff said the change is required by Act 600 and the collective bargaining agreement. Council members moved and seconded the ordinance and approved it unanimously.
The presentation and ordinance together show the borough’s pension funds performed well in 2025 and that council adopted a contribution rate consistent with statutory and contract obligations. Officials said they will continue to monitor funding levels and actuarial results; no additional action was requested at the meeting.
