Kennett Square Borough Non-Uniformed Pension Plan – Chester County – Reduced Period Engagement – Period Ended December 31, 2024

The compliance audit for the Kennett Square Borough Non-Uniformed Pension Plan aimed to determine if previous recommendations were implemented and if the plan complies with relevant laws and regulations. The audit assessed state aid deposits, employer and employee contributions, and retirement benefits for a period ending December 31, 2024. The plan is part of the Pennsylvania Municipal Retirement System (PMRS), acting as an investment and administrative agent. The audit confirmed compliance with applicable requirements, indicating that the plan is being managed effectively. Overall, the audit reports that the Kennett Square Borough’s pension plan is administered according to mandated guidelines, ensuring financial stability and proper benefit distribution to its members. This is an automated summary. Please rely on the contents included in the released audit report.