Hooversville Borough Police Pension Plan – Somerset County – Reduced Period Engagement – Period Ended December 31, 2025

The compliance audit of the Hooversville Borough Police Pension Plan, conducted as per Act 205, aimed to verify if the plan was managed following applicable state laws, regulations, contracts, and local policies. The audit covered the period from January 1, 2025, to December 31, 2025, evaluating the proper handling of state aid, employer and employee contributions, and the timely preparation of the actuarial valuation report. Acting in accordance with Act 205, all pension-related processes, including state aid deposits, the calculation and deposition of contributions, and compliance with regulatory requirements, were found to be in alignment. The audit concluded that the pension plan was effectively administered in compliance with relevant legal and regulatory statutes, offering reassurance regarding the plan’s administration. This is an automated summary. Please rely on the contents included in the released audit report.