Published October 24, 2025
About This Audit
The compliance audit of the Liberty Borough Police Pension Plan, conducted under the authority of the Municipal Pension Plan Funding Standard and Recovery Act (Act 205 of 1984), aimed to verify compliance with state laws and regulations. The audit objectives focused on corrective actions taken by municipal officials and the administration of the pension plan between January 1, 2021, and December 31, 2024. The audit found that while the plan largely complied with relevant statutes, an issue was identified: Liberty Borough received state aid exceeding its actual pension costs in 2022, 2023, and 2024, in part due to terminated member forfeitures. Despite these discrepancies, the excess state aid had not been deposited into the pension plan by the end of the audit. This is an automated summary. Please rely on the contents included in the released audit report.