Verona Borough Non-Uniformed Pension Plan – Allegheny County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was conducted for the Verona Borough Non-Uniformed Pension Plan in Allegheny County, Pennsylvania, under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to determine if corrective actions from a prior report were implemented and if the pension plan complied with state laws, regulations, contracts, administrative procedures, and local ordinances. The audit assessed state aid deposits, employer and employee contributions, and the timely preparation of actuarial valuation reports. Conducted through December 31, 2024, the audit found the pension plan in compliance with applicable requirements. Verona Borough officials’ cooperation was acknowledged, and the audit findings were discussed with these officials who provided responses included in the report. In conclusion, the Verona Borough Non-Uniformed Pension Plan was administered in compliance with legal and regulatory requirements during the audit period. This is an automated summary. Please rely on the contents included in the released audit report.