Clarion Borough Police Pension Plan – Clarion County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Clarion Borough Police Pension Plan was conducted through December 31, 2024, under the authority of the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit aimed to ensure appropriate corrective actions were taken from prior reports and to verify compliance with state laws, regulations, contracts, procedures, and local ordinances. The audit findings confirmed the plan was appropriately administered, with state aid and employer contributions accurately managed and retirement benefits properly calculated and disbursed. The audit also verified compliance with actuarial reporting requirements and proper administration without the need for employee contributions. Borough officials were thanked for their cooperation, and the audit found the plan to be in compliance in all significant respects. Additionally, Clarion Borough had previously addressed an overpayment issue with the reimbursement of excess state aid. This is an automated summary. Please rely on the contents included in the released audit report.