Falls Creek Borough Non-Uniformed Pension Plan – Jefferson County – Period Ended December 31, 2022

A compliance audit of the Falls Creek Borough Non-Uniformed Pension Plan was conducted as per the Municipal Pension Plan Funding Standard and Recovery Act requirements. The audit aimed to assess whether previous recommendations had been implemented and if the plan adhered to state laws, regulations, contracts, and policies. During the audit, which covered a period ending December 31, 2022, auditors verified the proper handling of state aid and employer contributions, calculated the correct retirement benefits, and confirmed compliance with actuarial reporting requirements. The results demonstrated that the pension plan was administered in compliance with all applicable requirements. Falls Creek Borough complied with prior recommendations by depositing additional state aid correctly, evidencing adherence to state guidelines. The audit found no significant issues. This is an automated summary. Please rely on the contents included in the released audit report.