City of Arnold Aggregate Pension Trust Fund – Westmoreland County – Audit Period January 1, 2023 to December 31, 2024

The compliance audit of the City of Arnold Aggregate Pension Trust Fund, covering January 1, 2023, to December 31, 2024, was conducted under the guidelines of the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to assess corrective actions implemented by municipal officials following previous reports and to ascertain compliance with relevant laws and regulations. The audit found that, overall, the trust fund was administered compliantly, although certain findings from prior audits remain unresolved. Key issues include noncompliance with the Third Class City Code regarding benefit provisions, failure to appoint a Chief Administrative Officer, and incorrect data leading to funding discrepancies. An observation highlighted the lack of measures for an effective transition of duties. Previous findings were discussed with city officials, and ongoing issues are emphasized for urgent resolution to ensure accountability and adherence to regulatory requirements. This is an automated summary. Please rely on the contents included in the released audit report.