Chalfont Borough Non-Uniformed Pension Plan – Bucks County – Audit Period Ended December 31, 2024

In May 2025, a compliance audit was conducted on the Chalfont Borough Non-Uniformed Pension Plan in Bucks County, Pennsylvania, under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to assess the plan’s compliance with applicable state laws, regulations, and local policies. For the audit period from January 1, 2024, to December 31, 2024, state aid and employer contributions were verified for compliance with Act 205 requirements. The audit found no required employee contributions or benefit calculations for that period. The January 1, 2023 actuarial valuation report was timely submitted and accurate. The audit concluded that the pension plan was administered in compliance with all relevant requirements. Borough officials were cooperative throughout the process, and the audit’s results indicated compliance with legal and regulatory standards. The audit report is publicly accessible.