Published April 15, 2026
About This Audit
The compliance audit of the City of New Kensington Comprehensive Municipal Pension Trust Fund, covering January 1, 2022 to December 31, 2024, was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit aimed to assess whether the pension fund was managed in compliance with applicable laws and regulations. Key procedures included verifying state aid deposits, evaluating employer and employee contributions, and ensuring timely submission of actuarial valuations. The audit found overall compliance but noted that the full 2024 state aid allocation wasn’t deposited into the pension plan as required. It recommended the city deposit the remaining aid with interest and implement effective internal control procedures. City officials agreed with this finding. The overall conclusion was that, except for the noted issue, the fund was administered correctly. This is an automated summary. Please rely on the contents included in the released audit report.