Published October 21, 2025
About This Audit
The compliance audit of the Hempfield Township Police Pension Plan, mandated by the Municipal Pension Plan Funding Standard and Recovery Act, assessed the plan’s administration for the year 2024. The objective was to ensure compliance with state laws, regulations, and plan provisions, particularly regarding the proper management of state aid, employer and employee contributions, and adherence to actuarial valuations and investment policies. The audit confirmed compliance in significant respects, based on testing and interviews with township officials. However, the supplementary information accompanying the report was not audited. The plan, a single-employer defined benefit plan under Ordinance No. 2021-3 and collective bargaining agreements, met its financial obligations and showed a 100% contribution compliance rate for several years, although funding ratio fluctuations were noted due to changes in assumptions. This is an automated summary. Please rely on the contents included in the released audit report.