Published October 8, 2025
About This Audit
The compliance audit for the City of Lock Haven Employees’ Retirement Fund, covering the period from January 1, 2023, to December 31, 2024, aimed to ensure the fund’s administration complied with applicable laws, regulations, and policies. Conducted under the Municipal Pension Plan Funding Standard and Recovery Act, the audit evaluated the deposit of state aid, calculation and deposit of employer and employee contributions, and the determination of retirement benefits. It also verified the timely preparation of actuarial valuation reports and proper authorization of fund transfers. The audit concluded that the fund was administered in compliance with the established guidelines. This is an automated summary. Please rely on the contents included in the released audit report.