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Souderton council approves 2025 pension MMO, submits figures to pension representative
Summary
Council approved the borough's required 2025 minimum municipal obligation for pensions and directed staff to submit the figures to the pension representative; council recorded the motion and approved by voice vote.
Souderton Borough Council voted Sept. 3 to approve the borough's 2025 minimum municipal obligation (MMO) amounts for its pension plans and authorized submission to the borough's pension representative.
Finance staff presented MMO figures and asked for council approval. The staff presentation listed $196,179 for the nonuniform (general) pension plan and $159,527 for the police pension plan as the amounts to be submitted for the 2025 budget year. A councilor moved to approve the MMO as presented, the motion was seconded, and council approved the submission by voice vote.
The transcript contains garbled numeric transcriptions in the motion recording; the article reports the MMO amounts as stated by finance staff during the presentation and notes that the meeting record shows the council approved the figures presented.
