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Council approves 2025 Minimum Municipal Obligation for non‑uniform pension

Union City Borough Council · August 13, 2024
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Summary

Union City accepted the 2025 Minimum Municipal Obligation: $48,029 for the non‑uniform pension and $0 for the police pension, and approved the MMO at the Aug. 13 meeting.

The Borough received its 2025 Minimum Municipal Obligation (MMO) and presented the figures to council. The required payment for the non‑uniform pension is $48,029; the police pension shows a required payment of $0 for 2025. Councilor Joyce moved and Councilor Kerns seconded approval of the MMO; the motion passed unanimously.

Minutes do not list funding mechanisms or changes to contribution schedules beyond recording the MMO amounts; the Borough Manager presented the figures to council as received.