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

The auditor conducted a compliance audit of the Exeter Township Non-Uniformed Union Pension Plan under the Municipal Pension Plan Funding Standard and Recovery Act, focusing on compliance with state laws, regulations, and policies. The audit, spanning January 1, 2024, to December 31, 2024, confirmed proper state aid and employer contributions in accordance with Act 205 requirements and found no employee contributions or benefit calculations were required. The audit also ensured the actuarial valuation report’s compliance with Act 205. The township’s pension plan, influenced by collective bargaining agreements, is part of the Central Pennsylvania Teamsters Union Pension Plan and adheres to ERISA regulations. The audit concluded that the pension plan was administered in compliance with applicable laws and policies, and the report expressed gratitude for the cooperation of Exeter Township officials. This is an automated summary. Please rely on the contents included in the released audit report.