Published May 6, 2026
About This Audit
The compliance audit of the New Hope Borough Police Pension Plan, conducted under the Municipal Pension Plan Funding Standard and Recovery Act, aimed to assess if the plan was administered in line with state laws, regulations, contracts, and local policies. Focusing on 2025, the audit reviewed state aid deposits, employer and employee contribution calculations, and retirement benefits compliance. It also verified the accuracy of the actuarial valuation report and the administration of the Deferred Retirement Option Plan (DROP). The audit confirmed that the police pension plan complied with all legal and regulatory requirements. Discussions with borough officials have been included, and their cooperation was acknowledged. This is an automated summary. Please rely on the contents included in the released audit report.