South Coatesville Borough Non-Uniformed Pension Plan – Chester County – Reduced Period Engagement – Period Ended December 31, 2025

A compliance audit was conducted for the South Coatesville Borough Non-Uniformed Pension Plan to ensure compliance with the Municipal Pension Plan Funding Standard and Recovery Act and other relevant regulations. The audit focused on verifying correct deposits of state aid and employer contributions for the period of January 1, 2025, to December 31, 2025, ensuring employee contributions and retirement benefits were properly processed, and confirming that the actuarial valuation report was submitted on time. The audit revealed that the pension plan adhered to applicable state laws, regulations, contracts, administrative procedures, and local policies. The plan was established in 1993 and mandates contributions of 5% from active members and 10% from the municipality. As of December 31, 2025, five terminated members are eligible for future benefits, with no active members remaining. The audit report appreciated the cooperation of borough officials during its execution. This is an automated summary. Please rely on the contents included in the released audit report.