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

A compliance audit was conducted on the Lower Southampton Township Police Pension Plan in Bucks County, Pennsylvania, to assess whether earlier identified issues were addressed and to ensure the plan’s adherence to state laws and regulations. Despite correcting some issues, the township did not resolve a prior recommendation concerning pension benefits diverging from Act 600 provisions. Specifically, excessive benefits were noted due to lump-sum payments included in pension calculations. While the township amended rules for new hires, the discrepancy remains for some retirees, affecting compliance and potentially state aid allocation. Although the township reimbursed overpaid state aid and complied with Act 205’s professional services procedures, further action is required for full compliance. This reflects the township’s progress and remaining challenges in aligning its pension plan with state laws. This is an automated summary. Please rely on the contents included in the released audit report.