Knox Borough Police Pension Plan – Clarion County – Reduced Period Engagement – Period Ended December 31, 2024

A compliance audit of the Knox Borough Police Pension Plan in Clarion County, PA, was conducted per the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984). The audit aimed to verify corrective actions taken since the last report and ensure compliance with state laws and regulations. The audit covered the period ending December 31, 2024, and found that the plan was administered in compliance with applicable laws. The plan, part of the Pennsylvania Municipal Retirement System (PMRS), did not show discrepancies in state aid deposits or required employer contributions. No employee contributions or benefit calculations were noted for this period. The audit concluded that the Pension Plan was managed effectively within the context reviewed. This is an automated summary. Please rely on the contents included in the released audit report.