Shohola Township Non-Uniformed Pension Plan – Pike County – Audit Period January 1, 2021 to December 31, 2024

A compliance audit of the Shohola Township Non-Uniformed Pension Plan was conducted for January 1, 2021, to December 31, 2024, under Act 205, which mandates auditing for municipalities receiving state aid for pension plans. The audit ensured compliance with state laws, regulations, and local policies. Key objectives included checking corrective action on past issues and verifying compliance in pension administration. Methodologies included verifying state aid deposits and contributions, recalculating retirement benefits, and assessing compliance with actuarial report requirements. The audit concluded that the plan complied in significant respects, though it highlighted concerns over the plan’s 57.4% funded status as of January 1, 2023. Despite the plan’s compliance, increased attention on long-term financial stability is advised. The township has adequately addressed previous issues, such as distress provisions under Act 44. Shohola Township officials cooperated fully during the audit. This is an automated summary. Please rely on the contents included in the released audit report.