Published June 16, 2025
About This Audit
A compliance audit was conducted for the Indiana Township Police Pension Plan in Allegheny County, Pennsylvania, as mandated by the Municipal Pension Plan Funding Standard and Recovery Act. The audit aimed to determine compliance with relevant state laws, regulations, and other guidelines for the period of January 1, 2024, to December 31, 2024. Key audit areas included state aid deposits, employer and employee contributions, and unallocated insurance contracts. The audit found that the pension plan was administered in compliance with applicable requirements. Township officials are responsible for maintaining effective controls to ensure compliance. Actuarial valuation as of January 1, 2023, confirmed compliance with Act 205, with the plan showing a strong funded ratio of 105.6% by 2023, indicating financial strength. This audit provides assurance that the Indiana Township Police Pension Plan is functioning under proper guidelines and maintaining its financial obligations.