Shippensburg Borough Non-Uniformed Pension Plan Cumberland County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Shippensburg Borough Non-Uniformed Pension Plan was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act to ensure proper administration and state aid usage. The audit assessed whether corrective actions were taken from previous findings and verified compliance with relevant laws, regulations, and local policies. Key actions included verifying state aid allocation, employer contributions, employee deductions, retirement benefits calculations, and the submission of actuarial valuation reports. The audit determined that the pension plan was compliant in all significant respects with the requirements outlined. The plan, established in 1973, encompasses defined benefits for pre-2012 hires and defined contribution features for subsequent hires. As of December 2024, the plan supported 30 active members and 32 retirees. This is an automated summary. Please rely on the contents included in the released audit report.