Canonsburg Borough Non-Uniformed Money Purchase Pension Plan – Washington County – Audit Period January 1, 2021 to December 31, 2024

A compliance audit was conducted on the Canonsburg Borough Non-Uniformed Money Purchase Pension Plan for January 1, 2021, to December 31, 2024, evaluating adherence to state laws and recommendations from previous audits. The audit, under the authority of the Municipal Pension Plan Funding Standard and Recovery Act, found significant noncompliance issues. Core objectives included assessing corrective actions to previous findings and verifying the administration of the pension plan according to relevant regulations. Key findings indicated continued noncompliance regarding unauthorized funding mechanisms and failure to properly fund member accounts. Moreover, there were discrepancies in reported state aid and inadequate record-keeping systems. The audit emphasized previous unresolved issues despite recommendations, risking the potential withholding of state aid. This is an automated summary. Please rely on the contents included in the released audit report.