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Agenda lists motion to approve 2025 minimum municipal obligations for pensions

Union City Borough Council · August 13, 2024
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Summary

Union City's Aug. 13 agenda includes a motion to approve the borough's 2025 Minimum Municipal Obligations (MMOs) for pensions; the posted agenda does not list dollar amounts or affected plans.

The posted agenda for the Aug. 13 Union City Borough meeting lists a motion to approve the borough's 2025 Minimum Municipal Obligations (MMOs) for pensions. The agenda does not list the dollar amounts, the pension systems affected, or any actuarial detail.

MMOs are the minimum employer contribution amounts municipalities must budget for certain pension plans. The agenda's line item does not indicate whether the MMO figures were prepared by the borough's actuary, whether they differ from the prior year, or whether any budget amendment will accompany approval.

Because the agenda provides no numbers or supporting documents, the public record produced at the meeting—minutes or attachments—would be the source for exact MMO amounts and any related budget actions.