Published January 21, 2026
About This Audit
A compliance audit was conducted on the Bridgewater Township Non-Uniformed Pension Plan covering January 1, 2021, to December 31, 2024. The audit aimed to ensure compliance with state laws, regulations, and administrative procedures, authorized by the Municipal Pension Plan Funding Standard and Recovery Act. Key areas evaluated included the proper deposit of state aid, employer contributions, retirement benefits, and the submission of actuarial reports. The audit found that the pension plan adhered to all relevant statutes and ordinances, and no discrepancies were detected. The municipality established appropriate internal controls, contributing to its compliance. Furthermore, the plan displayed a strong funding status over time, as evidenced by its increasing funded ratio, indicating its financial robustness. Audit results and discussions with Bridgewater Township officials were also included in the report, along with appreciation for their cooperation during the process. This is an automated summary. Please rely on the contents included in the released audit report.