Albany Township Non-Uniformed Pension Plan – Berks County – Reduced Period Engagement – Period Ended December 31, 2024

The Albany Township Non-Uniformed Pension Plan underwent a compliance audit conducted by the Auditor General, per the Municipal Pension Plan Funding Standard and Recovery Act. The audit, covering the period from January 1, 2024, to December 31, 2024, aimed to ensure the plan’s adherence to relevant laws and policies. The audit assessed if state aid was properly managed and whether employer contributions aligned with legal requirements. It verified the submission of the January 1, 2023, actuarial valuation report and its accuracy. The report confirmed that the pension plan complied with applicable regulations. Albany Township relies on independent audits for its financial statements, with those audits not being part of this review. The supplementary information included historical data on the plan’s funding progress, showing a strong financial position, with assets exceeding liabilities. Albany Township officials were cooperative throughout the audit process. This is an automated summary. Please rely on the contents included in the released audit report.