Published October 28, 2026
About This Audit
A compliance audit of the Liberty Township Police Pension Plan was conducted pursuant to Act 205 of 1984, focusing on compliance with state laws, regulations, contracts, and local ordinances for 2025. The audit confirmed that state aid and employer contributions were properly determined and deposited, with employee contributions appropriately waived. No benefit calculations were required, and the January 2025 actuarial valuation report was timely and accurate. The pension plan’s unallocated insurance contract adhered to plan provisions. The audit revealed that, in all significant respects, the pension plan complied with relevant laws and policies. Liberty Township’s officials demonstrated effective internal controls, and no opinion was expressed on the township’s financial statements, which were audited separately. The Liberty Township Police Pension Plan, governed by Act 600 and Ordinance No. 1 of 2017, had a funded ratio of 243.6% as of January 1, 2025. The audit findings were discussed with township officials. This is an automated summary. Please rely on the contents included in the released audit report.