City of Corry Non-Uniformed Employees’ Pension Plan – Erie County – Audit Period January 1, 2023 to December 31, 2024

A compliance audit was conducted on the City of Corry Non-Uniformed Employees’ Pension Plan for the period January 1, 2023, to December 31, 2024, to determine if corrective actions were taken from previous findings and if the plan complied with applicable laws. The audit was mandated by Pennsylvania’s Act 205 and focused on verifying state aid deposits, employer and employee contributions, retirement benefits determination, and actuarial report submissions. The audit confirmed that the pension plan adhered to relevant regulations in all significant respects. Historical funding progress showed a strong funded ratio, illustrating financial health. Ordinance adjustments ensured compliance with Act 362, and supplementary information was provided for additional analysis. This is an automated summary. Please rely on the contents included in the released audit report.