Published August 5, 2025
About This Audit
The compliance audit of the Foster Township Police Pension Plan, conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act (Act 205), aimed to assess whether the plan was administered according to applicable laws, regulations, and policies. The audit examined aspects such as proper deposit and calculation of state aid, employer and employee contributions, retirement benefits, and compliance with actuarial valuation reporting requirements. The audit confirmed that the pension plan operated in compliance with the applicable rules. Despite not adhering to Government Auditing Standards, the audit obtained sufficient evidence supporting its conclusions. Township officials were thanked for their cooperation, and no assurance was provided on supplementary information presented in the report. The Foster Township Police Pension Plan, established in 1985, is a single-employer defined benefit plan with specific contributions required from active members. This is an automated summary. Please rely on the contents included in the released audit report.