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Agenda lists motion to approve 2025 minimum municipal obligations for pensions
Summary
Union City Borough's Aug. 13 agenda includes a motion to approve the 2025 minimum municipal obligations for pensions (MMOs); the agenda lists the motion but does not include dollar amounts or funding source details.
The posted agenda for the Aug. 13, 2024 Union City Borough Council meeting includes a motion to approve the 2025 minimum municipal obligations (MMOs) for pensions. The MMO establishes the borough's baseline pension contribution requirements for the coming year, but the posted agenda does not state the total amounts or funding sources.
Pension MMOs are typically set based on actuarial reports and state requirements. The agenda lists the motion but does not attach actuarial figures or schedules; the council packet or minutes should provide the numerical MMOs and the funding plan if action is taken.
