Published May 20, 2025
About This Audit
A compliance audit was conducted on the Cooper Township Non-Uniformed Pension Plan for the year 2024, mandated by the Municipal Pension Plan Funding Standard and Recovery Act (Act 205). The audit aimed to verify compliance with applicable state laws, regulations, and local policies. Key areas audited included the proper determination and timely deposit of state aid, compliance with employer contributions, and verification of the actuarial valuation report for January 1, 2023. Active plan members are not required to contribute, and the plan had four active members by the end of 2024. The audit revealed no significant non-compliance issues, confirming the pension plan’s overall compliance. Historical funding information indicates the plan is financially robust, with assets exceeding liabilities. Township officials were cooperative during the audit, aiding its successful completion.