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Agenda lists motion to approve 2025 Minimum Municipal Obligations for pensions
Summary
Union City Borough's Aug. 13 agenda includes a motion to approve the borough's 2025 Minimum Municipal Obligations (MMO) for pensions; the posted agenda does not show the dollar amounts or actuarial assumptions.
The Aug. 13 posted agenda for Union City Borough lists a motion to approve the borough's 2025 Minimum Municipal Obligations (MMO) for pensions. The posted agenda notes the motion but does not list the MMO dollar amounts, the actuarial valuation, or the pension plans to which the MMO applies.
Pension MMOs are a budgetary requirement in many jurisdictions; if the council approves the MMO at the meeting, the minutes or the borough's financial documents should specify the required employer contributions and the plans affected. The posted agenda itself contains no outcome or supporting figures.
