Georges Township Non-Uniformed Management Pension Plan – Fayette County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Georges Township Non-Uniformed Management Pension Plan followed the Municipal Pension Plan Funding Standard and Recovery Act and was led by the Auditor General. The audit aimed to verify if the township’s officials implemented corrective actions from the previous report and ensured the pension plan adhered to relevant state laws, contracts, and policies. The audit covered various aspects, including the proper determination and deposition of state aid, the calculation and deposition of employer contributions, and compliance with actuarial valuation reporting. It was found that the pension plan complied with all applicable legal and regulatory requirements during the audited periods. As of December 31, 2024, the pension plan had five active members, with township contributions increasing annually from $11,472 per member in 2022 to $15,000 per member in 2025. This is an automated summary. Please rely on the contents included in the released audit report.