City of Nanticoke Non-Uniformed Pension Plan – Luzerne County – Audit Period January 1, 2023 to December 31, 2024

The compliance audit of the City of Nanticoke Non-Uniformed Pension Plan, conducted for January 1, 2023, to December 31, 2024, assessed adherence to state laws, regulations, and local policies. The audit evaluated the proper calculation and deposit of state aid, employer, and employee contributions using governing documents and legal criteria. The results showed that the pension plan was administered in compliance with applicable mandates. The plan, part of the Pennsylvania Municipal Retirement System, had 15 active members contributing three percent of their compensation, with no terminated members eligible for future benefits and four retirees. The actuarial valuation indicated a funded ratio that varied over time, reflecting the plan’s financial condition improvements. Although the supplementary information was not audited, it provided insights into funding progress and contributions. The report was discussed with city officials, whose cooperation facilitated the audit completion. This is an automated summary. Please rely on the contents included in the released audit report.