Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the Pensions topic

No spam. Unsubscribe anytime.

Agenda lists motion to approve 2025 Minimum Municipal Obligations for pensions

Union City Borough Council · August 13, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The Aug. 13 posted agenda includes a motion to approve the 2025 Minimum Municipal Obligations (MMOs) for pensions; the agenda names the year but does not list dollar amounts for the MMOs.

The posted agenda for Union City Borough's Aug. 13 meeting includes a motion to approve the 2025 Minimum Municipal Obligations for pensions. The agenda names the action and the plan year (2025) but does not provide the dollar totals or actuarial figures that compose the MMO.

Because the posted language omits the MMO amounts, the agenda should be seen as scheduling the item for council consideration; anyone tracking municipal pension funding should consult the meeting minutes or the borough's finance documents to obtain the specific MMO figures and any funding adjustments adopted at the meeting.