Ridgway Borough Police Pension Plan – Elk County – Reduced Period Engagement – Period Ended December 31, 2025

A compliance audit was conducted on the Ridgway Borough Police Pension Plan in Elk County, Pennsylvania, to evaluate administration compliance with state laws, regulations, and local policies. The audit, under the Municipal Pension Plan Funding Standard and Recovery Act, covered state aid deposits, employer and employee contribution calculations, benefit payments, and actuarial valuation report submissions for the period between January 1, 2023, to December 31, 2025. It concluded that the pension plan, except for one noted deficiency, was compliant in significant respects. The audit found that borough officials failed to properly determine and fully pay the Minimum Municipal Obligation (MMO) for 2024 and 2025 due to incorrect calculation components. Consequently, Ridgway Borough must add outstanding MMO balances and interest to the current year’s obligations, with management acknowledging the finding. The cooperation of borough officials during the audit was appreciated, and recommendations were made for future compliance. This is an automated summary. Please rely on the contents included in the released audit report.