Published May 30, 2025
About This Audit
In May 2025, a compliance audit was conducted on the Cherryhill Township Non-Uniformed Pension Plan in Pennsylvania to ensure adherence to state laws and regulations as mandated by the Municipal Pension Plan Funding Standard and Recovery Act. The audit focused on the administration of state aid, employer contributions, and compliance with the plan’s governing document, covering the period from January 1 to December 31, 2024. Key activities included verifying state aid deposits, employer contributions, and retirement benefits disbursement, along with ensuring the accuracy of the actuarial valuation report. The audit concluded that Cherryhill Township’s pension plan complied with applicable laws and policies. The audit report, shared with township officials, confirms the plan is well-managed.