Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Agenda lists motion to approve 2025 minimum municipal pension obligations
Summary
The posted agenda for Union City's Aug. 13, 2024 meeting lists a motion to approve the borough's 2025 minimum municipal obligations (MMOs) for pensions but does not include the MMO dollar amounts in the posted text.
The Union City Borough Council's posted agenda for Aug. 13, 2024 includes a motion to approve the borough's 2025 minimum municipal obligations (MMOs) for pensions. The agenda lists the item but does not include the specific dollar amounts for each pension plan, actuarial reports, or recommended funding sources.
MMOs are typically required municipal calculations that determine the minimum annual contribution for municipal pension plans. The posted agenda does not supply the MMO figures or supporting staff analysis; the motion appears on the agenda for council consideration but the posted transcript provides no vote result or discussion.
Residents and interested parties should consult the official minutes, budget documents or the borough's pension actuarial reports to confirm the MMO amounts and any council action taken.
