Columbia Borough Non-Uniformed Pension Plan – Lancaster County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Columbia Borough Non-Uniformed Pension Plan assessed adherence to applicable state laws and local regulations under the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit focused on verifying corrective actions to address prior findings and checking if the pension plan was administered appropriately from January 2023 to December 2024. The audit found compliance in most areas, but noted two significant findings: the failure to adopt a restated plan document through ordinance and the improper funding of members’ accounts. The municipality had not corrected the previous issue of adopting the plan document by ordinance, risking inconsistent benefit payments. The borough agreed with the findings and must implement recommendations to ensure corrective action and rectify these issues. Compliance and timely implementation of recommended actions remain imperative for proper pension plan management. This is an automated summary. Please rely on the contents included in the released audit report.