Lower Southampton Township Non-Uniformed Pension Plan – Bucks County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Lower Southampton Township Non-Uniformed Pension Plan was conducted to ensure compliance with the Municipal Pension Plan Funding Standard and Recovery Act, focusing on whether prior corrective actions were implemented and if the plan aligned with state laws and policies. The audit covered January 1, 2023, to December 31, 2024, confirming that state aid, employer contributions, and plan payouts were correctly administered. The audit found the pension plan to be compliant with applicable regulations, following corrective actions like reimbursing $19,720.50 for previous state aid overpayments and adopting mandatory Act 205 provisions. Township officials were cooperative, and other than employer contributions, no state aid was deposited from 2019 to 2024. This is an automated summary. Please rely on the contents included in the released audit report.