Hatboro Borough Non-Uniformed Pension Plan – Montgomery County – Audit Period January 1, 2019 to December 31, 2022

The compliance audit of Hatboro Borough’s Non-Uniformed Pension Plan, covering January 1, 2019, to December 31, 2022, was undertaken per Act 205, mandating audits for municipalities receiving state aid for pension systems. The audit assessed whether prior recommendations were addressed and whether the plan adhered to relevant laws and regulations. Key areas reviewed included the proper allocation and deposit of state aid, accuracy of employer and employee contributions, and retirement benefit calculations. The audit confirmed the plan’s administration complied significantly with applicable requirements. Findings from the previous audit regarding including eligible employees have been addressed, although attempts to engage non-responding ex-employees continue. This is an automated summary. Please rely on the contents included in the released audit report.