Published March 18, 2026
About This Audit
A compliance audit was conducted on the City of Nanticoke Police Pension Plan for the period from January 1, 2023, to December 31, 2024. The audit aimed to determine compliance with state laws, regulations, contracts, procedures, and local policies using methods such as verifying state aid deposits, comparing contributions against legal requirements, ensuring proper calculation and payment of retirement benefits, verifying actuarial valuation report compliance, and assessing insurance contract terms. The audit revealed the pension plan was in compliance with applicable laws and regulations. A previous issue regarding excess benefits to retirees, which did not affect state aid allocation, will continue to be monitored. The City of Nanticoke’s police pension plan funds have improved their funded ratio from 76.8% in 2019 to 86.4% in 2023. The audit report’s findings were shared with city officials, who cooperated fully with the process. This is an automated summary. Please rely on the contents included in the released audit report.