City of Nanticoke Firemen’s Pension Plan – Luzerne County – Audit Period January 1, 2023 to December 31, 2024

The compliance audit of the City of Nanticoke Firemen’s Pension Plan was conducted for the period from January 1, 2023, to December 31, 2024, following the Municipal Pension Plan Funding Standard and Recovery Act (Act 205) requirements. The audit aimed to assess administrative compliance with state laws, regulations, contracts, and local policies. It covered the adequacy of state and employer contributions, adherence to employee contribution requirements, and compliance with actuarial valuations and insurance contract terms. Though independent financial statements were not analyzed, internal controls were verified to ensure compliance. The results indicated that the pension plan was managed in compliance with significant legal and regulatory requirements, with no notable deficiencies found. This confirms the effective administration of the City of Nanticoke Firemen’s Pension Plan. This is an automated summary. Please rely on the contents included in the released audit report.