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Agenda lists motion to approve 2025 minimum municipal pension obligations

Union City Borough Council · August 13, 2024
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Summary

Union City Borough’s Aug. 13 agenda includes a motion to approve the 2025 minimum municipal obligations (MMOs) for pensions; the posted agenda does not list dollar amounts or the pension plans affected.

The Aug. 13 posted agenda contains a motion to approve the 2025 minimum municipal obligations for pensions. The agenda language names the action (approve MMOs for 2025) but does not list the dollar totals or which pension plans (police, nonuniformed, or other) are affected.

Minimum municipal obligations determine the borough’s required contributions to locally administered pension plans under applicable state law. Council discussion or staff reports should provide the 2025 MMO totals and the funding source before the council votes; no figures are attached to the posted agenda item.