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

A compliance audit of the former Clearfield Borough Police Pension Plan was conducted to ensure adherence to the Municipal Pension Plan Funding Standard and Recovery Act (Act 205). The audit, covering January 1 to October 31, 2023, assessed state aid deposits, employer and employee contributions, and actuarial valuations for compliance with relevant laws and regulations. The audit concluded that the pension plan was managed appropriately within the legal framework. On November 9, 2022, Clearfield Borough entered an agreement with Lawrence Township, resulting in the transfer of assets and liabilities to the newly formed Clearfield Regional Police Pension Plan, making this the final audit of the former plan. This is an automated summary. Please rely on the contents included in the released audit report.