Published February 4, 2026
About This Audit
An audit of the Haverford Township Police Pension Plan, conducted under Act 205 of 1984 and related statutes, evaluated compliance with state laws, regulations, and local policies from January 1, 2024, to December 31, 2024. Key objectives included verifying the proper use of state aid, employer and employee contributions, retirement benefits disbursement, and adherence to actuarial reporting. The audit found the pension plan in compliance with significant regulations for this period. Haverford Township’s financial statements, audited by external accountants, were not part of this audit. Township officials are responsible for maintaining internal controls to ensure compliance. Established in 1958, the pension plan had 58 active members and 107 retirees by the end of 2024. Despite unfunded liabilities, its funded ratio was consistent over recent actuarial evaluations. The plan’s compliance with various acts, such as Act 147 and Act 600, underscored its adherence to required funding and reporting. This is an automated summary. Please rely on the contents included in the released audit report.