Published October 8, 2025
About This Audit
A compliance audit of the City of Lock Haven Police Pension Plan was conducted for the period January 1, 2023, to December 31, 2024, as mandated by the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to assess whether the pension plan was managed in alignment with state laws, regulations, contracts, and local ordinances. Key areas examined included the proper determination and deposit of state aid, the calculation and deposit of employer and employee contributions, and the preparation of the January 1, 2023, actuarial valuation report. The audit found that, in all significant respects, the pension plan complied with applicable requirements. Though the supplementary information in the report was not audited, city officials extended cooperation during the audit process. The audit results affirm that the plan is managed according to legal and regulatory standards. This is an automated summary. Please rely on the contents included in the released audit report.