Ridley Park Borough Police Pension Plan – Delaware County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was conducted for the Ridley Park Borough Police Pension Plan in Delaware County, PA through December 31, 2024. The audit aimed to ensure compliance with state laws, regulations, contracts, administrative procedures, and local ordinances, as outlined by the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit verified state aid deposits, employer and employee contributions, and adherence to provisions of the Deferred Retirement Option Plan (DROP). No significant noncompliance was found, and the pension plan was administered appropriately. Additionally, the audit addressed whether actuarial valuations and postretirement reimbursements were managed in line with guidelines. The Auditor General’s findings confirmed that Ridley Park Borough Police Pension Plan complied in all significant aspects with the applicable legal and regulatory frameworks for the periods reviewed. This is an automated summary. Please rely on the contents included in the released audit report.