East Marlborough Township Non-Uniformed Pension Plan – Chester County – Reduced Period Engagement – Period Ended December 31, 2024

The audit of the East Marlborough Township Non-Uniformed Pension Plan aimed to assess compliance with state laws, regulations, and previous audit recommendations under Act 205. The review confirmed that the state aid and employer contributions were accurately calculated and deposited, with no required employee contributions or benefit calculations. The actuarial valuation was timely and compliant, ensuring adherence to state aid participation requirements. Historical funding data indicates the plan’s funded ratio improved from 92.0% in 2019 to 95.2% in 2023. The township addressed previous recommendations, such as correcting pension benefits, reimbursing excess state aid, and maintaining financial records. Overall, the audit confirms the plan’s compliance with relevant regulations and effective internal controls. This is an automated summary. Please rely on the contents included in the released audit report.