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

In August 2025, a compliance audit was conducted on the Bridgeport Borough Non-Uniformed Pension Plan in Montgomery County, Pennsylvania, under the Municipal Pension Plan Funding Standard and Recovery Act. The audit’s objectives were to assess if corrective actions were taken on previous findings and ensure the pension plan’s adherence to state laws and policies. The audit involved verifying proper state aid deposits, employer and employee contributions, retirement benefits, actuarial valuations, and pension obligation bond terms for the period from January 1, 2023, to December 31, 2024. Bridgeport Borough has complied with previous recommendations, but an incorrect data entry on Certification Form AG 385 led to an underpayment of state aid in 2023. Despite this, in significant aspects, the plan was generally found compliant with applicable regulations. The report highlighted cooperation from borough officials throughout the audit process. This is an automated summary. Please rely on the contents included in the released audit report.