Addison Township Non-Uniformed Pension Plan – Somerset County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Addison Township Non-Uniformed Pension Plan, conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act (Act 205), assessed whether the plan adhered to relevant state laws, regulations, contracts, and policies. Covering January 1, 2024, to December 31, 2024, the audit found the plan compliant with Act 205 requirements, as state aid was timely and correctly deposited, employer contributions were accurately calculated and deposited, and there were no requirements for employee contributions or benefit calculations. The plan’s actuarial valuation report from January 1, 2023, was timely submitted and aligned with plan provisions. Thus, the audit concludes that the Addison Township Non-Uniformed Pension Plan was administered in compliance with applicable standards for the periods reviewed. The report expresses gratitude to township officials for their cooperation. This is an automated summary. Please rely on the contents included in the released audit report.