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

A compliance audit was conducted for the Guilford Township Non-Uniformed Pension Plan in Franklin County, Pennsylvania, as required by the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to verify whether corrective actions were taken following previous findings and if the pension plan complied with applicable state laws and regulations from January 1, 2023, to December 31, 2024. Audit findings revealed overall compliance, except for issues with the in-service distribution provision that allowed withdrawals of plan assets before retirement, contrary to Act 205’s intent. The report urges township officials to correct this ongoing non-compliance by eliminating unauthorized distributions and aligning with Act 205 provisions. The audit methodology included verifying state aid allocation, employer contributions, and benefits calculation, ensuring compliance with pension requirements. Township officials were commended for their cooperation, but corrective actions must be prioritized to ensure full compliance with state regulations. This is an automated summary. Please rely on the contents included in the released audit report.