West Conshohocken Borough Police Pension Plan – Montgomery County – Reduced Period Engagement – Period Ended December 31, 2024

The West Conshohocken Borough Police Pension Plan underwent a compliance audit in accordance with the Municipal Pension Plan Funding Standard and Recovery Act. The audit assessed the plan’s compliance with state laws, regulations, contracts, administrative procedures, and local policies. It examined the administration of state aid, employer and employee contributions, pension benefits, the actuarial valuation report, and the Deferred Retirement Option Plan (DROP) provisions for the period from January 1, 2024, to December 31, 2024. The audit concluded that the pension plan complies with all relevant regulations and received the necessary internal controls and contributions over this period. Additional analysis was provided concerning the plan’s funding status and contributions, highlighting a robust funding position with a 100% funded ratio as of January 1, 2023. This is an automated summary. Please rely on the contents included in the released audit report.