Published June 16, 2025
About This Audit
A compliance audit of the Irwin Borough Police Pension Plan was conducted pursuant to the Municipal Pension Plan Funding Standard and Recovery Act (Act 205), assessing compliance with state laws, regulations, contracts, and ordinances. The audit covered the period from January 1, 2024, to December 31, 2024, examining state aid deposits, employer contributions, and retirement benefits calculations. It was found that the police pension plan complied with applicable requirements. The audit did not adhere to Government Auditing Standards, but the evidence obtained was sufficient to conclude that the plan’s administration met legal and regulatory standards. Borough officials are responsible for maintaining effective internal controls to ensure compliance. Discussions with borough officials are included in the report, expressing gratitude for their cooperation. Historical trend information and actuarial information from January 1, 2019, highlight the plan’s funding status improvements. Ultimately, the audit verified the proper management of the pension plan according to the specified standards.