Published June 9, 2026
About This Audit
The compliance audit of the City of Farrell Police Pension Plan covered January 1, 2023, to December 31, 2024, and aimed to evaluate corrective actions for past findings and ensure the plan’s administration complies with relevant laws and regulations. The audit focused on several key areas, including the proper determination and deposition of state aid and contributions required by law. The plan participates in the Pennsylvania Municipal Retirement System, acting as a brokerage for municipal pension plans. However, the audit identified significant noncompliance issues, such as the failure to correct prior findings related to incorrect data certification and the improper establishment of the Minimum Municipal Obligation. Consequently, the City risks having state aid withheld due to noncompliance with state laws and regulations. These findings underscore the need for the City to promptly address the cited deficiencies to maintain compliance and secure continued state support. This is an automated summary. Please rely on the contents included in the released audit report.