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

The compliance audit of the Hempfield Township Non-Uniformed Pension Plan was conducted as per the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to ensure corrective action on previous findings and verify compliance with state laws, regulations, and local policies. Key areas assessed included state aid deposits, employer and employee contributions, actuarial reporting, and insurance contracts for the period January 1, 2023, to December 31, 2024. The audit revealed that the plan complied in all significant respects with the applicable laws and guidelines. The report notes that Hempfield Township officials accurately followed Certification Form AG 385, leading to compliance with state aid regulations. Additionally, historical funding trends were analyzed, showing variations in the plan’s funded ratio. This is an automated summary. Please rely on the contents included in the released audit report.