Auditor General DePasquale Releases Pension Plan Audits for Municipalities in Fourteen Counties
Auditor General DePasquale Releases Pension Plan Audits for Municipalities in Fourteen Counties
HARRISBURG (Sept. 6, 2013) – Auditor General Eugene DePasquale today released audits of municipal pension plans for local government employees in Armstrong, Berks, Bucks, Butler, Chester, Clearfield, Columbia, Delaware, Franklin, Lancaster, Lehigh, Monroe, Sullivan and Warren counties.
State pension aid for police, firefighters and non-uniformed municipal employee pensions is provided from a two-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 following audit reports are available online at www.PaAuditor.gov/audit-reports:
Armstrong
- Gilpin Township Nonuniformed Pension Plan
- Gilpin Township Police Pension Plan
Berks
- Douglass Township Nonuniformed Pension Plan
Bucks
- Richland Township Nonuniformed Employees’ Pension Plan
- Richland Township Police Pension Plan
Butler
- Evans City Borough Nonuniformed Pension Plan
- Evans City Borough Police Pension Plan
Chester
- Upper Uwchlan Township Nonuniformed Pension Plan
- Upper Uwchlan Township Police Pension Plan
Clearfield
- DuBois City Nonuniformed Pension Plan
- DuBois City Police Pension Plan
Columbia
- Briar Creek Township Nonuniformed Pension Plan
- Briar Creek Township Police Pension Plan
Delaware
- Upper Providence Township Nonuniformed Employees’ Pension Plan
- Upper Providence Township Police Pension Plan
Franklin
- Antrim Township Nonuniformed Pension Plan
Lancaster
- West Hempfield Township Nonuniformed Pension Plan
- West Hempfield Township Police Pension Plan
Lehigh
- Upper Saucon Township Nonuniformed Employees’ Pension Plan
- Upper Saucon Township Police Pension Plan
Monroe
- Barrett City Nonuniformed Pension Plan
- Barrett City Police Pension Plan
- Stroud Township Nonuniformed Pension Plan
Sullivan
- Dushore Borough Nonuniformed Pension Plan
Warren
- Youngsville Borough Nonuniformed Pension Plan
- Youngsville Borough Police Pension Plan
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