Published June 17, 2026
About This Audit
The compliance audit of New Milford Township’s Non-Uniformed Pension Plan, covering January 1, 2021, to December 31, 2024, assessed compliance with relevant state laws and regulations, required by the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit aimed to ensure corrective actions from previous reports were implemented and that the pension plan adhered to legal requirements. The methodology involved verifying compliance with state aid deposit regulations, employer contributions, and retirement benefit calculations. It also reviewed actuarial valuation reports and unallocated insurance contracts. The findings indicated general compliance, except for a significant issue regarding the improper determination of the Minimum Municipal Obligation (MMO) for 2024 and 2025, resulting in unpaid balances due for those years. The township should address these discrepancies to ensure full compliance with Act 205. The audit’s results were shared with township officials. This is an automated summary. Please rely on the contents included in the released audit report.