Upper Darby Township Municipal Employees Pension Plan – Delaware County – Reduced Period Engagement – Period Ended December 31, 2024

The Upper Darby Township Municipal Employees Pension Plan underwent a compliance audit for the period of January 1, 2024, to December 31, 2024, and the audit revealed the plan was administered in alignment with state laws, regulations, contracts, and policies. The audit, in line with the Municipal Pension Plan Funding Standard and Recovery Act, assessed the proper determination and deposit of state aid, calculated employer and employee contributions, and the correct disbursement of retirement benefits. Despite not following Government Auditing Standards, sufficient evidence was gathered to affirm compliance with applicable requirements. The audit included reviewing township financial documents but did not involve auditing those documents. The plan, established in 1948, has adjusted active member contributions based on hire dates and boasted a 93.2% funded ratio as of January 1, 2023, per biennial actuarial reports. The report was reviewed and discussed with township officials, who were thanked for their cooperation. This is an automated summary. Please rely on the contents included in the released audit report.