Atglen Borough Non-Uniformed Pension Plan – Chester County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of Atglen Borough’s Non-Uniformed Pension Plan was conducted under the Municipal Pension Plan Funding Standard and Recovery Act requirements. The audit aimed to verify corrective actions from previous reports and compliance with relevant laws, regulations, and policies from January 1, 2023, to December 31, 2024. The review confirmed that the plan was managed in accordance with these standards. The audit examined state aid deposits, employer and employee contributions, retirement benefits calculation, and actuarial report submission. It ensured compliance with funding requirements set by Act 205, as Atglen’s plan participates in Pennsylvania Municipal Retirement System (PMRS). As of December 31, 2024, the plan covered five active members, showing a consistently high-funded status. Historical trend data shows the actuarial value of assets closely matches the actuarial accrued liability, reinforcing sound financial management. The audit results confirmed compliance with the required protocols, reflecting positively on borough management. This is an automated summary. Please rely on the contents included in the released audit report.