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Council agenda lists motion to approve 2025 minimum municipal pension obligations
Summary
The Borough of Union City's Aug. 13 posted agenda lists a motion to approve the 2025 minimum municipal obligations (MMO) for pensions; the agenda does not include the MMO dollar figures or actuarial data.
The Borough of Union City posted a motion on its Aug. 13, 2024 council agenda to approve the borough's 2025 minimum municipal obligations (MMO) for pensions. The agenda text lists the motion but provides no dollar figures, actuarial reports, or supporting documentation.
Approving the MMO is a routine fiscal step for municipalities that sets required contribution levels to pension plans; the posted agenda does not indicate the amounts, funding source, or whether the borough received actuarial calculations. Council action at the meeting would be necessary to adopt the MMO.
Residents and interested parties seeking the MMO amounts and actuarial rationale should request the pension actuarial report or budget documentation from the borough manager or finance department prior to or during the meeting.
