Committee recommends 2027 pension MMO for police and non‑uniform plans

Staff told the committee that CBIZ, the borough’s third‑party actuary, produces annual MMO estimates for both the police (uniform) and non‑uniform pension plans. The analysis accounts for retirees, current employees and long‑term projections to determine what the borough should budget to sustain pension funding.

"CBIZ is our 3rd party that we utilize to help manage the police pension fund. They do an analysis every single year ... what our pension obligations look like," staff said. Committee members asked clarifying questions about retiree counts and whether the state pass‑through covered uniform and non‑uniform obligations; staff confirmed the state disbursement is a pass‑through that is applied toward the MMO. The committee moved to recommend the 2027 MMOs for both plans; both recommendations passed 3–0 and will be forwarded to council for final budgeting.