City of Lebanon Paid Firemen’s Pension Plan – Lebanon County – Audit Period January 1, 2024 to December 31, 2025

The compliance audit of the City of Lebanon Paid Firemen’s Pension Plan covered the period from January 1, 2024, to December 31, 2025. Conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act, it assessed the plan’s adherence to state laws, regulations, contracts, and local policies. Key areas of compliance checked included the correct calculation and timely deposit of state aid, proper handling of employer and employee contributions, and accurate determination and distribution of retirement benefits. The audit concluded that the plan was administered in compliance with relevant requirements. However, annual state aid allocations and funding progress were highlighted, indicating fluctuations in the plan’s funded ratio over the years. Although supplementary information was provided for additional insight, it was not audited. The audit report was discussed with city officials, who cooperated fully during the audit process. The City of Lebanon maintains effective internal controls to ensure compliance. This is an automated summary. Please rely on the contents included in the released audit report.