City of Connellsville Police Pension Plan – Fayette County – Audit Period January 1, 2022 to December 31, 2024

The compliance audit of the City of Connellsville Police Pension Plan, covering January 1, 2022, to December 31, 2024, was conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act (Act 205). The audit aimed to ensure the pension plan’s administration aligned with state laws, regulations, contracts, and policies. The audit evaluated several compliance aspects, including state aid deposits, employer and employee contributions, retirement benefits, actuarial valuation reports, and compliance with the Deferred Retirement Option Plan (DROP). The audit concluded that the City of Connellsville Police Pension Plan was in compliance with relevant laws and regulations. Additionally, supplementary information regarding the pension plan’s funding progress and contributions was provided, although not audited for assurance. This audit contributes significantly towards public accountability for municipal pension management. This is an automated summary. Please rely on the contents included in the released audit report.