Jim Thorpe Borough Police Pension Plan – Carbon County – Reduced Period Engagement – Period Ended December 31, 2025

An audit of the Jim Thorpe Borough Police Pension Plan was conducted as mandated by the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). This audit, which covered the year 2025, aimed to verify compliance with relevant state laws, regulations, contracts, administrative procedures, and local policies. The audit found the pension plan compliant in crucial areas, including the proper receipt and deposit of state aid, appropriate calculation and deposit of employer contributions, and preparation of actuarial valuation reports. No employee contributions or benefit calculations were required or prepared during this period. The plan’s assets exceed its liabilities, indicating a strong financial position with a funded ratio of 116.7% as of January 1, 2025. Borough officials have maintained effective internal controls, ensuring adherence to legal and regulatory requirements. The report, discussed with borough officials, highlights robust management and cooperation throughout the audit process. This is an automated summary. Please rely on the contents included in the released audit report.