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

A compliance audit of the Reynoldsville Borough Non-Uniformed Pension Plan was conducted in accordance with the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit aimed to verify whether previous recommendations were implemented and ensure the plan was in compliance with applicable state laws and regulations. The audit covered a period ending December 31, 2024. It assessed the proper determination and deposit of state aid, employer contributions, and the preparation of actuarial valuation reports. The audit revealed that the pension plan was administered in compliance with applicable laws. The borough had addressed the prior recommendation by depositing the due member account contributions, and no employee contributions or benefit calculations were necessary during the audited period. The audit results were discussed with borough officials, who cooperated fully. Thus, the Reynoldsville Borough Non-Uniformed Pension Plan has shown compliance with the relevant legislation. This is an automated summary. Please rely on the contents included in the released audit report.