Chanceford Township Non-Uniformed Pension Plan – York County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Chanceford Township Non-Uniformed Pension Plan, conducted under the authority of Act 205, assessed whether corrective actions from a prior report were implemented and if the plan complied with relevant regulations. The audit examined state and employer contributions, benefit calculations, and actuarial valuations. The audit found that, in most respects, the plan adhered to applicable laws and ordinances. However, a recurring issue remained unaddressed: the failure to properly fund member accounts, a condition noted in a previous audit. Despite some corrective attempts, the proper funding for 2020 was not achieved. Township officials were urged to implement timely corrective measures. The audit results and responses from township officials were documented in the report, highlighting both compliance successes and areas needing improvement. This issue emphasizes the need for accurate financial administrative processes. This is an automated summary. Please rely on the contents included in the released audit report.