Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Council approves 2025 Minimum Municipal Obligation: $48,029 for non-uniform plan
Union City Borough Council · August 13, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Council received the 2025 MMO figures and approved the MMO filings: $48,029 for the non-uniform pension and $0 for the police pension; the motion passed unanimously.
The borough reported the 2025 Minimum Municipal Obligation (MMO) for pension funding: $48,029 for the non-uniform pension plan and $0 for the police pension. Council approved the MMO filings on a motion by Councilor Joyce, seconded by Councilor Kerns; the motion carried unanimously.
No additional funding or modifications were specified in the minutes. The approval completes the borough’s required pension filing for 2025 under municipal pension procedures.
