City of Connellsville Firefighters’ Pension Plan – Fayette County – Audit Period January 1, 2022 to December 31, 2024

The compliance audit of the City of Connellsville Firefighters’ Pension Plan, covering January 1, 2022, to December 31, 2024, was conducted to assess compliance with state laws and regulations, as mandated by the Municipal Pension Plan Funding Standard and Recovery Act. The audit determined that the plan was managed in accordance with applicable requirements. Key audit procedures included verifying the proper deposit of state aid, checking employer contributions, confirming no need for employee contributions in the period, and ensuring actuarial reports were timely submitted. While the plan complied with legal and regulatory standards, the report highlighted a concern over its funded status, which stood at 63.8% as of January 1, 2023. Officials are encouraged to monitor the plan’s funded status for long-term viability. The audit was not conducted under Government Auditing Standards, and independent financial statements were not audited by the auditors. This is an automated summary. Please rely on the contents included in the released audit report.