City of Allentown Officers’ and Employees’ – PMRS Pension Plan – Lehigh County – Audit Period January 1, 2023 to December 31, 2024

An audit of the City of Allentown Officers’ and Employees’ PMRS Pension Plan for January 1, 2023, to December 31, 2024, was conducted to assess compliance with state laws, regulations, and local policies. The audit aimed to verify corrective action on previous findings and check the administration of the pension plan. Key audit activities included verifying state aid deposits, employer and employee contributions, benefit disbursements, actuarial report submission, and compliance with Act 205. In significant respects, the pension plan complied with applicable regulations, except for a repeated finding—noncompliance related to failing to fund the pension plans according to Act 205’s special taxing provisions. This issue remains unresolved from the previous audit, prompting concerns over City officials not addressing prior recommendations. This is an AI summary, please rely on the contents included in the released audit report.