Harrison Township Police Pension Plan – Allegheny County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit of the Harrison Township Police Pension Plan, conducted under the Municipal Pension Plan Funding Standard and Recovery Act, evaluated the administration of the plan from January 1, 2023, to December 31, 2024. The audit aimed to ascertain corrective actions taken from prior findings and to ensure compliance with relevant laws and policies. The audit reviewed state aid allocation, employer and employee contributions, and compliance with the Deferred Retirement Option Plan (DROP) provisions. It found that Harrison Township effectively addressed previous issues and complied with applicable state regulations, contracts, and local ordinances. Additional analysis of pension plan funding status shows an upward trend in funded ratios from 108.0% in 2019 to 124.2% in 2023, indicating a financially strong pension plan. The township officials were thanked for their cooperation during the audit, which did not include or assure supplementary information. This is an automated summary. Please rely on the contents included in the released audit report.