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Union City agenda lists motion to approve 2025 Minimum Municipal Obligations for pensions
Summary
The Aug. 13 posted agenda includes a motion to approve the borough's 2025 Minimum Municipal Obligations for pensions; the agenda does not list obligation amounts or which pension plans are affected.
Union City Borough's posted agenda for Aug. 13, 2024 includes a motion to approve the 2025 Minimum Municipal Obligations (MMOs) for pensions.
The posted agenda lists the motion without providing the dollar amounts for the borough's obligations, the specific pension plans covered, actuarial reports, or whether the MMO figures are contingent on other budget actions. As presented in the posting, the item is notice that council will consider adopting the MMO figures during the meeting.
Because MMOs have clear budgetary implications, residents and taxpayers may wish to review the council packet or actuarial schedules prior to any vote. The posted agenda itself contains no vote tally or supporting documents.
