Bridgewater Borough Police Pension Plan – Beaver County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Bridgewater Borough Police Pension Plan was conducted as per the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The primary objectives of the audit were to ensure corrective actions from prior findings were implemented and to verify compliance with relevant laws and regulations from January 1, 2023, to December 31, 2024. Key findings include appropriate handling of state aid and employer contributions, waiver of employee contributions, and lack of benefit calculations. The actuarial valuation report was timely submitted. The audit concluded that the pension plan complied significantly with legal and policy requirements. This is an automated summary. Please rely on the contents included in the released audit report.