Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Union City approves 2025 pension MMO: $48,029 for non‑uniform plan, $0 for police
Summary
Council received the 2025 Minimum Municipal Obligation and approved payment: $48,029 required for the non‑uniform pension and $0 required for the police pension; approval was unanimous.
Borough Manager Cindy Wells reported the Borough’s 2025 Minimum Municipal Obligation (MMO) figures at the Aug. 13 meeting: a required payment of $48,029 for the non‑uniform pension and $0 for the police pension. On a motion by Councilor Joyce, seconded by Councilor Kerns, the council approved the MMO figures unanimously.
The MMO is the actuarially calculated contribution the borough must make to its pension plans for the coming year; the meeting record does not specify funding sources or payment timing beyond council approval. The council’s vote accepts the calculation and authorizes the borough to record the required payment for budgeting and compliance purposes.
