Published May 20, 2026
About This Audit
A compliance audit of the Factoryville Borough Police Pension Plan was conducted for the period January 1, 2021, to December 31, 2024, under the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to verify if previous recommendations were implemented and to ensure compliance with state laws and plan regulations. It found that while the pension plan generally complied, there was a significant finding: a governing ordinance was improperly amended by a resolution instead of another ordinance, which should be corrected by the borough. The plan is part of the Pennsylvania Municipal Retirement System. Borough officials intend to address the amendment issue by the next council meeting, and compliance will be reassessed in a future audit. The audit recognized Factoryville Borough for their cooperation. This is an automated summary. Please rely on the contents included in the released audit report.