Published September 2, 2026
About This Audit
The audit of the Geistown Borough Police Pension Plan, conducted under the Municipal Pension Plan Funding Standard and Recovery Act, assessed compliance with applicable laws and procedures from January 1, 2025, to December 31, 2025. The audit confirmed compliance regarding state aid, employer contributions, and actuarial report submissions while noting that employee contributions were waived and no benefit calculations were needed. The audit did not cover financial statements, which were audited separately by an independent firm. The pension plan remains funded at a strong level, with the actuarial value of assets consistently exceeding the accrued liability over recent evaluations, indicating financial robustness. The cooperation from borough officials was acknowledged, and the audit results confirmed that the pension plan meets all major compliance standards. This is an automated summary. Please rely on the contents included in the released audit report.
