Blossburg Borough Non-Uniformed Pension Plan – Tioga County – Reduced Period Engagement – Period Ended December 31, 2025

The audit of the Blossburg Borough Non-Uniformed Pension Plan, conducted under the Municipal Pension Plan Funding Standard and Recovery Act (Act 205), examined compliance with relevant state laws and local ordinances from January 1 to December 31, 2025. The audit focused on verifying the punctual deposit of state aid, employer contributions alignment with financial requirements, and submission of actuarial valuation reports. Key findings revealed that the plan was managed in compliance with applicable regulations, with proper state aid deposit and no employee contributions required. Furthermore, despite a consistent increase in actual contributions over the years, the funding progress highlighted a decrease in the funded ratio from 97.5% in 2023 to 86.1% in 2025, indicating potential funding challenges. Overall, the supplementary information was provided for additional analysis, with no audit performed on it for assurance. The audit’s findings were discussed with the officials, with cooperation noted during the audit process. This is an automated summary. Please rely on the contents included in the released audit report.