Solebury Township Police Pension Plan – Bucks County – Reduced Period Engagement – Period Ended December 31, 2024

The Solebury Township Police Pension Plan underwent a compliance audit to ensure adherence to state laws, regulations, contracts, and local policies as mandated by the Municipal Pension Plan Funding Standard and Recovery Act (Act 205). Conducted by the Auditor General, the audit covered the period from January 1, 2024, to December 31, 2024, focusing on state aid deposits, employer and employee contributions, retirement benefits, and compliance with the Deferred Retirement Option Plan (DROP) provisions. The methodology included examining supporting documents and recalculating pension benefits for specific members. The audit found that the police pension plan complied with all applicable requirements for the period under review. Additionally, the audit examined whether actuarial reports were prepared and submitted in accordance with Act 205 requirements. The results confirmed that the Solebury Township Police Pension Plan was effectively managed during the audited period. This is an automated summary. Please rely on the contents included in the released audit report.