Cheltenham Township Non-Uniformed Hourly Employees Pension Plan – Montgomery County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of Cheltenham Township’s Non-Uniformed Hourly Employees Pension Plan was conducted to ensure adherence to state laws, regulations, and policies governing pension administration. The audit, performed under the Municipal Pension Plan Funding Standard and Recovery Act, reviewed financial transactions from January 2024 to December 2024. Key audit areas included verification of state aid deposits, employer and employee contributions, and retirement benefit calculations. The audit found the plan generally compliant, although issues arose with Certification Form AG 385, leading to state aid overpayment due to incorrect data entry on eligible personnel. Township officials must maintain robust internal controls to rectify such discrepancies. Overall, the findings were shared with Cheltenham Township for corrective action and acknowledgment of cooperation during the audit process. This is an automated summary. Please rely on the contents included in the released audit report.