Downingtown Borough Police Pension Plan – Chester County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Downingtown Borough Police Pension Plan for 2024 was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit assessed whether the pension plan was compliant with state laws, regulations, and local policies. Key audit areas included verifying the accuracy and timely deposit of state aid and employer/employee contributions, the correctness of retirement benefits for retirees, timely submission of actuarial reports, and compliance with the Deferred Retirement Option Plan provisions. The audit also checked consistency with Act 205 requirements. The audit found that the pension plan adhered to all regulations and policies, providing assurance of compliance. Borough officials cooperated with the audit process, ensuring transparency and adherence to legal standards. This is an automated summary. Please rely on the contents included in the released audit report.