Upper Moreland Township Firefighter’s Pension Plan – Montgomery County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit was conducted on the Upper Moreland Township Firefighter’s Pension Plan to assess adherence to relevant state laws and regulations, in line with the Municipal Pension Plan Funding Standard and Recovery Act. The primary objectives were to verify corrective actions on previous audit findings and confirm the plan’s lawful administration. The audit focused on state aid handling, employer and employee contributions, and retirement benefit calculations from January 1, 2024, to December 31, 2024. It was found that the pension plan complied with all significant legal and regulatory requirements during this period. Upper Moreland Township Firefighter’s Pension Plan is part of the Pennsylvania Municipal Retirement System, operates a single-employer defined benefit plan, and has shown compliance with prior recommendations. Modifications in actuarial assumptions, accounting policies, and other changes have influenced the trends in contribution requirements, highlighting continuous financial stability. The audit concluded positively, acknowledging township officials’ cooperation. This is an automated summary. Please rely on the contents included in the released audit report.