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Council agenda lists motion to approve 2025 Minimum Municipal Obligations for pensions

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 borough's 2025 Minimum Municipal Obligations (MMOs) for pensions; the posted agenda does not list MMO dollar amounts.

The Aug. 13 agenda includes a motion described as approving the borough's 2025 Minimum Municipal Obligations (MMOs) for pensions. MMOs set employer pension-funding requirements under state pension statutes and are typically accompanied by dollar figures or actuarial summaries; the posted agenda does not list those amounts.

Because the agenda provides only the action line, the council's discussion and any attached actuarial reports or dollar figures would be recorded in meeting documents or minutes. The agenda entry does not indicate whether the motion represents adoption of staff recommendations, a draft calculation, or a request for further study.