Elizabeth Township Non-Uniformed Cash Balance Pension Plan – Lancaster County – Audit Period January 1, 2021 to December 31, 2024

The compliance audit of Elizabeth Township’s Non-Uniformed Cash Balance Pension Plan, covering January 1, 2021, to December 31, 2024, aimed to assess if prior audit recommendations were implemented and verify compliance with relevant laws and policies. The review, conducted under Act 205, found compliance largely satisfactory, but with notable exceptions. Two significant findings were identified: the recurrence of an earlier error involving incorrect data on Certification Form AG 385, causing a state aid underpayment, and a failure to adequately fund a member’s account. The township did not correct the previously cited error from an earlier audit, indicating no proper follow-up. Recommendations from the audit underscore the need for stronger internal controls to ensure accurate data reporting and timely corrective actions for compliance shortcomings. It is crucial for the township to address these findings to prevent future discrepancies and ensure compliance. This is an automated summary. Please rely on the contents included in the released audit report.