Colebrookdale Township Non-Uniformed Pension Plan – Berks County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit for the Colebrookdale Township Non-Uniformed Pension Plan, conducted under the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984), aimed to verify adherence to relevant state laws and regulations. The audit covered state aid receipt, employer contributions, employee contributions, retirement benefits, and the preparation of the actuarial valuation report. For the period from January 1, 2024, to December 31, 2024, evidence supported compliance with applicable laws and regulations. The Township’s pension plan is a single-employer defined benefit plan established January 1, 1976, governed by Ordinance No. 5-96. As of the end of 2024, the plan included three active members, four terminated members entitled to future benefits, and nine retirees receiving benefits. The plan’s funding status shows a decline in funded ratio from 95.1% in 2019 to 82.2% in 2023. This is an automated summary. Please rely on the contents included in the released audit report.