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Union City council approves 2025 Minimum Municipal Obligation: $48,029 for non-uniform plan, $0 for police pension

Union City Borough Council · August 13, 2024
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Summary

Council approved the borough's 2025 Minimum Municipal Obligation reporting $48,029 due for the non-uniform pension plan and $0 required for the police pension; council voted unanimously to accept the MMO figures.

Borough Manager Cindy Wells reported the 2025 Minimum Municipal Obligation (MMO) figures to the council on Aug. 13, 2024: $48,029 is required for the borough’s non-uniform pension and the police pension requires $0 in the MMO calculation. Councilor Matt Joyce moved to approve the MMO amounts; Councilor Kerns seconded and the motion carried unanimously.

The minutes record the fiscal requirement but do not provide supporting actuarial schedules or account balances. The MMO is the borough’s formal actuarial requirement for pension contributions and approval at the council meeting completes the procedural step for reporting.

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