South Waverly Borough Police Pension Plan – Bradford County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the South Waverly Borough Police Pension Plan, conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act (Act 205), aimed to determine whether prior corrective actions recommended were implemented and if the pension plan adheres to relevant state laws and regulations. For the audit period from January 1, 2023, to December 31, 2024, state aid was correctly allocated, and calculations for employer contributions were precise. As of December 31, 2024, no employee contributions were required, and one retiree was receiving benefits. The audit concluded that the pension plan was managed in compliance with all applicable standards and regulations. However, the supplementary information was unaudited, and no assurance was provided on its accuracy. This is an automated summary. Please rely on the contents included in the released audit report.