Shiremanstown Borough Police Pension Plan – Cumberland County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Shiremanstown Borough Police Pension Plan was conducted in accordance with the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit aimed to verify if previous corrective actions were implemented and to check the plan’s adherence to relevant laws and policies. The audit covered transactions from January 2023 to December 2024, focusing on state aid deposits, employer contributions, and actuarial reports. While the plan generally complied with laws and regulations, it failed to adopt mandatory provisions for professional services contracts as required by Act 205. This noncompliance was a repeat finding from a previous report, stressing the need for the borough to address this issue promptly. Borough officials were cooperative during the audit, and discussions on findings were included in the report. This is an automated summary. Please rely on the contents included in the released audit report.