Auditor General DePasquale Releases Pension Plan Audits for Municipalities in 10 Counties
Auditor General DePasquale Releases Pension Plan Audits for Municipalities in 10 Counties
HARRISBURG (July 15, 2016) – Auditor General Eugene DePasquale today released audits of municipal employee pension plans in Allegheny, Berks, Bucks, Crawford, Dauphin, Delaware, Lehigh, Montgomery, Schuylkill, and York counties.
State pension aid for police, firefighters and nonuniformed municipal employee pensions is provided from a 2 percent tax on out-of-state casualty insurance premiums, a portion of the out-of-state fire insurance tax designated for paid firefighters, and any investment income earned on the collection of these taxes.
The objectives of pension plan audits are to determine, for the selected audit period, if the municipality complied with any prior audit recommendations and if the municipal pension plan is in compliance with applicable state laws, regulations, contracts, administrative procedures, and local ordinances and policies.
Specifically, department auditors review issues including whether:
- state aid was properly determined and deposited according to the requirements of the Municipal Pension Plan Funding Standard and Recovery Act;
- employer contributions were determined and deposited in compliance with the plan’s governing document and applicable state laws and regulations;
- employee contributions are required, and if so, whether they were properly determined and deposited into the pension plan;
- benefit payments were properly made only to those entitled to receive them;
- obligations for plan benefits were accurately determined under plan provisions and based upon complete and accurate participant data; and
- actuarial valuation reports were sent to the Public Employee Retirement Commission in accordance with state law and selected information provided on these reports is accurate, complete and in accordance with plan provisions to ensure compliance for participation in the state aid program.
The full audit reports for municipalities listed below are available online using the links provided below, others are available online at: www.PaAuditor.gov/audit-reports.
Allegheny
- Coraopolis Borough Nonuniformed Pension Plan
- Coraopolis Borough Police Pension Plan
Berks
- Exeter Township Nonuniformed Pension Plan
- Exeter Township Nonuniformed Union Pension Plan
- Exeter Township Police Pension Plan
Bucks
- Middletown Township Nonuniformed Pension Plan
- Middletown Township Police Pension Plan
Crawford
- Summit Township Nonuniformed Pension Plan
Dauphin
- Highspire Borough Nonuniformed Pension Plan
- Highspire Borough Police Pension Plan
Delaware
- Morton Borough Nonuniformed Pension Plan
- Morton Borough Police Pension Plan
Lehigh
- Alburtis Borough Nonuniformed Pension Plan
- Alburtis Borough Police Pension Plan
- Coplay Borough Nonuniformed Pension Plan
- Coplay Borough Nonuniformed Union Pension Plan
- Coplay Borough Police Pension Plan
Montgomery
- Souderton Borough Nonuniformed Pension Plan
- Souderton Borough Police Pension Plan
- Upper Merion Township Nonuniformed Pension Plan
- Upper Merion Township Police Pension Plan
Schuylkill
- Auburn Borough Police Pension Plan
York
- Dover Borough Nonuniformed Pension Plan
- Fawn Township Nonuniformed Pension Plan
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