City of York Pension Trust Fund – York County – Audit Period January 1, 2020 to December 31, 2022

The City of York Pension Trust Fund underwent a compliance audit for January 1, 2020, to December 31, 2022, assessing adherence to applicable laws and regulations under the Municipal Pension Plan Funding Standard and Recovery Act. The audit primarily aimed to evaluate the corrective actions taken by city officials regarding prior findings and to ensure compliance with legal, regulatory, and policy requirements. The findings indicated that while the fund was generally compliant, two issues persisted: noncompliance with prior recommendations regarding data certification leading to state aid underpayment, and failure to file actuarial valuation reports. The city’s pension plans remain in moderate distress, with police and firefighters’ plans notably underfunded. City officials are encouraged to address these issues promptly to improve financial stability. The audit’s findings emphasize the need for ongoing monitoring and implementation of corrective measures. This is an automated summary. Please rely on the contents included in the released audit report.