Published May 20, 2026
About This Audit
The compliance audit of the Cochranton Borough Police Pension Plan, covering January 1, 2021, to December 31, 2024, was conducted under the guidelines set by the Municipal Pension Plan Funding Standard and Recovery Act, Act 205. The audit aimed to assess whether previous corrective actions were implemented and if the pension plan complied with relevant state laws and regulations. The audit focused on areas like state aid deposits, employer contributions, and actuarial valuations. Key findings included the borough’s failure to fully deposit the state aid allocated in 2023 into the pension plan, improper determination of the minimum municipal obligation, and incorrect data submissions leading to an underpayment of state aid. The report emphasizes the need for improved internal controls and adherence to compliance procedures. These findings were discussed with borough officials, and plans for future compliance evaluations were established. This is an automated summary. Please rely on the contents included in the released audit report.