Published October 7, 2026
About This Audit
The compliance audit of the City of Franklin Police Pension Plan, covering January 1, 2024, to December 31, 2025, assessed adherence to state laws, regulations, contracts, administrative procedures, and local policies. The audit, mandated by the Municipal Pension Plan Funding Standard and Recovery Act (Act 205), verified the proper determination and deposition of state aid, and reviewed employer and employee contributions, retirement benefits, and actuarial valuation reports. The audit concluded that the pension plan was administered in full compliance with applicable requirements. City officials were cooperative, and their internal controls were deemed effective. The audit results were shared with the city officials, whose inputs were incorporated into the final report. This is an automated summary. Please rely on the contents included in the released audit report.