Springfield Township Non-Uniformed Pension Plan – York County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Springfield Township Non-Uniformed Pension Plan was conducted according to the Municipal Pension Plan Funding Standard and Recovery Act. The audit’s objectives were to verify appropriate corrective actions from a prior report and to ensure plan compliance with state laws, regulations, contracts, and local policies. The audit, covering January 1, 2023, to December 31, 2024, found the pension plan in compliance with pertinent laws and regulations. Key audit aspects included verifying state aid deposits, employer contributions, retirement benefits calculations, and actuarial reporting. The plan, participating in the Pennsylvania Municipal Retirement System, is governed by Act 205 and Act 15 regulations. The audit confirmed Springfield Township’s compliance with prior recommendations regarding record-keeping. The report acknowledged the organization of the pension plan’s funding status, noting it is financially healthy relative to its actuarial liabilities. This is an automated summary. Please rely on the contents included in the released audit report.