Pine Grove Township Non-Uniformed Pension Plan – Warren County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit for the Pine Grove Township Non-Uniformed Pension Plan, conducted as per the Municipal Pension Plan Funding Standard and Recovery Act, aimed to assess the implementation of corrective actions from prior audits and ensure compliance with state laws and regulations. The audit evaluated state aid determinations, employer contributions, and actuarial reporting. Findings showed compliance in most areas, but repeated a prior issue of receiving excess state aid without proper reconciliation in 2023 and 2024. Despite returning previous overpayments, the township failed to adjust current state aid allocations and maintain compliance with actual pension costs, with excess funds not yet reallocated correctly. The continued issue reflects incomplete implementation of recommendations, urging the township to address excess state aid promptly. Overall, while the plan was mostly compliant, the repeated state aid error indicates areas needing further attention. This is an automated summary. Please rely on the contents included in the released audit report.