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Council budgets $384,880 for 2027 pension obligation
Summary
Treasurer reported the city's 2027 minimum municipal obligation: police pension $237,073 and nonuniform pension $147,807, totaling $384,880; council voted to budget and submit the amounts for 2027.
Treasurer Chuck presented the city's annual minimum municipal obligation figures for 2027 and asked the council to budget the amounts for submission before the end of September. "You'll see the request for the police pension is $237,073 and the non uniform pension is $147,807 totaling $384,880," he said, and noted this figure is only $687 higher than the 2026 budgeted amount.
Chuck told council that the majority of these funds are reimbursed by Act 205 contributions from the state and that any excess contributions are added to pension funding. A council member moved to budget the $384,880 for the pension contribution, the motion was seconded, and the council voted to approve the appropriation for budgeting purposes.
Staff will include these amounts in the 2027 budget submission and file required documentation with state pension authorities as required by Act 205.
