Published October 15, 2025
About This Audit
A compliance audit of the City of Chester Police Pension Plan for 2023-2024 revealed several areas of concern, including noncompliance with prior audit recommendations and a funded ratio of only 44.2% as of January 2023, placing the city in Level III Severe Distress Status. The audit found repeated issues, such as failure to fully pay the minimum municipal obligation and inconsistent pension benefits. The city’s inability to meet funding requirements under Act 205 and its ongoing inability to make required annual contributions have exacerbated the pension plan’s financial issues. Despite increasing its required contributions significantly from 2015 to 2024, the city has still not met its obligations for 2023 and 2024. Corrective actions have been taken to stabilize its financial situation, such as increasing tax rates and revising pension agreements, but improvements are needed. This is an automated summary. Please rely on the contents included in the released audit report.