Lake Township Non-Uniformed Pension Plan – Luzerne County – Reduced Period Engagement – Period Ended December 31, 2025

The report outlines a compliance audit conducted on the Lake Township Non-Uniformed Pension Plan in Luzerne County, Pennsylvania, as required by the Municipal Pension Plan Funding Standard and Recovery Act. The audit, conducted for the period January 1, 2025, to December 31, 2025, aimed to assess whether the pension plan was administered according to applicable state laws, regulations, contracts, and policies. It examined areas such as state aid deposits, employer contributions, actuarial valuation reports, and compliance of unallocated insurance contracts. The audit concluded that the pension plan was administered in compliance with the relevant standards. The supplementary information provided in the report offers additional insights but was not audited, and the officials’ collaboration was acknowledged. The current condition of the pension plan shows a gradual decline in the funded ratio from 97.3% in 2021 to 91.5% in 2025. This is an automated summary. Please rely on the contents included in the released audit report.