East Bradford Township Non-Uniformed Pension Plan – Chester County – Reduced Period Engagement – Period Ended December 31, 2024

An audit was conducted on the East Bradford Township Non-Uniformed Pension Plan in Chester County, Pennsylvania, for the year 2024. The audit assessed compliance with state laws, regulations, and local policies, funded under Act 205 of 1984. The primary objective was to evaluate proper administration, focusing on state aid deposits, employer contributions, actuarial valuations, and insurance contracts. No employee contributions or benefit calculations were required during the audit period. The audit verified that state aid deposits and employer contributions were correctly handled. The January 1, 2023, actuarial valuation report was prepared and submitted timely, confirming compliance with the state aid program. The audit found that the pension plan was compliant with relevant state laws and policies. The report discussed findings with township officials, and their responses were included. The report indicated the plan’s strong funding status, as the ratio of assets to liabilities has improved over recent years, suggesting good financial health. This is an automated summary. Please rely on the contents included in the released audit report.