City of Allentown Aggregate Pension Fund – Lehigh County – Audit Period January 1, 2023 to December 31, 2024

The compliance audit of the City of Allentown Aggregate Pension Fund, covering January 1, 2023, to December 31, 2024, was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to evaluate corrective actions from prior findings and ensure compliance with state laws, regulations, and local ordinances. Findings indicated some noncompliance issues, including incorrect pension calculations and lack of adherence to the Third Class City Code, specifically related to police and firemen’s pension plans. These findings were consistent with previous reports but remain unaddressed by city officials. Despite these issues, the audit noted that the fund was mostly compliant. The report emphasized the need for the city to implement the recommended changes promptly. Timothy L. DeFoor, the Auditor General, acknowledged the cooperation from city officials during the audit process. This is an automated summary. Please rely on the contents included in the released audit report.