Newville Borough Non-Uniformed Pension Plan – Cumberland County – Audit Period January 1, 2023 to December 31, 2024

A compliance audit was conducted on the Newville Borough Non-Uniformed Pension Plan for January 1, 2023, to December 31, 2024, to assess adherence to state laws, regulations, and local policies. The audit aimed to evaluate corrective measures taken from prior reports and compliance with state requirements. The methodology involved examining contribution deposits, benefit calculations, and actuarial reports. Findings indicate that Newville Borough has addressed previous compliance issues, such as depositing outstanding aid and paying overdue financial obligations, ensuring the pension plan operates effectively within legal frameworks. Resultantly, the Order to Show Cause was withdrawn, allowing the release of withheld state aid. The supplementary information highlights the plan’s funding progress, showing a healthy actuarial status over recent years. The audit confirmed the borough’s compliance, but accompanying supplementary information remains unaudited. The report was shared with borough officials, who cooperated fully, contributing to the comprehensive assessment. This is an automated summary. Please rely on the contents included in the released audit report.