East Rochester Borough Non-Uniformed Pension Plan – Beaver County – Period Ended December 31, 2022

A compliance audit was conducted on the East Rochester Borough Non-Uniformed Pension Plan in Beaver County, Pennsylvania, pursuant to authority from the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to verify that the pension plan was administered in compliance with state laws, regulations, and policies. Key procedures assessed the proper calculation and deposit of state aid, annual employer and employee contributions, and retirement benefits, along with the timely submission of actuarial reports, covering a fiscal period ending December 31, 2022. Results indicated full compliance with all requirements. The plan, participating in the Pennsylvania Municipal Retirement System, was also evaluated for its funding progress, showing a robust condition with an unfunded actuarial accrued liability surplus. This is an automated summary. Please rely on the contents included in the released audit report.