Colwyn Borough Police Pension Plan – Delaware County – Reduced Period Engagement – Period Ended December 31, 2025

A compliance audit of the Colwyn Borough Police Pension Plan, conducted under the Municipal Pension Plan Funding Standard and Recovery Act, examined whether past corrective actions were implemented and if the pension plan adhered to relevant regulations, contracts, and policies. The audit covered January 1, 2024, to December 31, 2025, and found compliance in significant areas but identified recurring issues. The borough failed to update the plan’s governing document and maintained an unnecessary Killed in Service benefit provision. Despite these findings, the audit affirmed proper administration of employer contributions, state aid, and actuarial valuation reports. However, financial concerns arose as the plan’s funded ratio dropped from 73.2% in 2021 to 68.4% in 2025, signaling a moderate distress level with potential long-term stability risks. The audit report encourages borough officials to address these issues promptly. This is an automated summary. Please rely on the contents included in the released audit report.