Published April 1, 2026
About This Audit
A compliance audit was conducted on the Schwenksville Borough Police Pension Plan for the period from January 1, 2021, to December 31, 2024, as required by Act 205, to ensure adherence to state laws and regulations. The audit evaluated previous corrective measures and overall plan administration compliance. Key goals included verifying proper state aid deposit timing and ensuring compliance in calculations of financial requirements and contributions. The audit found no need for employee contributions or benefit calculations within this period, and actuarial reports were filed timely. Additionally, it confirmed that the plan operates effectively within legal requirements. Schwenksville Borough has continued to properly manage its compliance efforts, as indicated by the resolution of past record-keeping issues. The audit concluded that the pension plan is appropriately managed and is part of the Pennsylvania Municipal Retirement System, which was not audited separately. The findings confirmed compliance with objectives, ensuring the plan’s proper administration. This is an automated summary. Please rely on the contents included in the released audit report.