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Council approves 2025 municipal obligation for non-uniform pension

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

Borough received the 2025 MMO and approved the payment requirement of $48,029 for the non-uniform pension and $0 for the police pension; the motion carried unanimously.

Borough Manager Cindy Wells presented the 2025 Minimum Municipal Obligation figures: $48,029 required for the non-uniform pension and $0 for the police pension. Council voted to approve the municipal obligations as presented.

The minutes record the motion: "MOTION TO APPROVE THE 2024 MINIMUM MUNICIPAL OBLIGATIONS FOR THE NONUNIFORM AND POLICE PENSIONS. Motion by Councilor Joyce and seconded by Councilor Kerns. Motion carried unanimously." The minutes list the required payment for non-uniform as $48,029 and zero for police pension.

Context: MMO calculations are an annual fiscal requirement that determine employer contributions to municipal pension plans; the minutes do not include actuarial details or funding source breakdowns.

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