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Council approves 2025 Minimum Municipal Obligation: $48,029 for non-uniform pension, $0 for police

Union City Borough Council · August 13, 2024
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Summary

Union City accepted the 2025 MMO showing a required non-uniform pension payment of $48,029 and $0 required for the police pension; council approved the MMO unanimously.

Union City Borough reported receipt of the 2025 Minimum Municipal Obligation (MMO) and approved the required contribution figures. The MMO requires $48,029 for the non-uniform pension and lists $0 for the police pension; Councilor Matt Joyce moved to approve and Councilor Kerns seconded the motion, which carried unanimously.

Manager Cindy Wells presented the MMO figures to council; no amendments or alternative funding figures were discussed during the meeting. The approved MMO will be reflected in the borough’s 2025 pension accounting and budgeting process.